Privacy coins getting delisted - page 5.

coin-investor

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Quote from: NeuroticFish on September 16, 2019, 09:05:14 AM

I don't like this news. From what I know OKex doesn't handle fiat, so they should not necessarily comply rules.
On the other hand, it can be a method to avoid hacks/hackers get use of stolen coins, if the other exchanges also comply.

I don't like it either, they are really on war and the casualties are holders and supporters of these Privacy coins, I hope they are the only exchange that will do that, there are a lot of supporters of Privacy coins.
They have a point because they want transparency and you are right hackers can exploit it.

We all thought we are decentralized but these actions make us confirm we are not.

cp_underground

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Quote from: Inu.Guren on September 16, 2019, 09:37:22 AM

if I read the news above, of course some exchange are open their service in country must comply with existing regulation.
that's why this is one problem can solve from CEX and people make solution by creating DEX for fix this problem.
exchange can't do anything with goverment regulation or they must stop the services

Quote from: DarkDays on September 16, 2019, 09:39:44 AM

Quote from: joseyphil82 on September 16, 2019, 08:47:52 AM

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Well it's better than giving people false promises regarding their privacy. As soon as your real information is linked with a privacy coin like XMR or ZEC then it loses much of its anonymity.

I think other platforms will soon be cracking down on privacy coins, though these will just make the decentralized exchanges stronger.

i agree with Inu.Guren, this is not about privacy or what, this is issue from goverment when they are don't want Money launcdry in country.
that's why they ask for delisting coin privacy, but the actual even exchanger deslit the coin people still can make transaction from own personal wallet.
but if goverment don't ask for delisting the coin they can partnership with exchanger to prevent AML than delisting the coin

DarkDays

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Quote from: joseyphil82 on September 16, 2019, 08:47:52 AM

Okex korea on war with privacy coins, they have decided to delist privacy coins like zcash, Dash, monero, horizen and SBTC, Why? well the reason is..

“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.

Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”

Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/

Well it's better than giving people false promises regarding their privacy. As soon as your real information is linked with a privacy coin like XMR or ZEC then it loses much of its anonymity.

I think other platforms will soon be cracking down on privacy coins, though these will just make the decentralized exchanges stronger.

Inu.Guren

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homt.net

if I read the news above, of course some exchange are open their service in country must comply with existing regulation.
that's why this is one problem can solve from CEX and people make solution by creating DEX for fix this problem.
exchange can't do anything with goverment regulation or they must stop the services

cryptonx

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Futurov

this is bad news for privacy coins, and maybe will affected the price of privacy coins, but for sure only for a while,
because all people need privacy, and privacy coins is the answer for that

NeuroticFish

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I don't like this news. From what I know OKex doesn't handle fiat, so they should not necessarily comply rules.
On the other hand, it can be a method to avoid hacks/hackers get use of stolen coins, if the other exchanges also comply.

joseyphil82

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Okex korea on war with privacy coins, they have decided to delist privacy coins like zcash, Dash, monero, horizen and SBTC, Why? well the reason is..

“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.

Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”

Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/

Topic: Privacy coins getting delisted - page 5. (Read 688 times)