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Topic: Will Monero, Dash, Zcash, And Other Private Coins Be Delisted? (Read 306 times)

legendary
Activity: 2548
Merit: 1245
Awhile back there was a big story about how OKEx Korea was delisting certain cryptocurrencies, which included Monero, Zcash, Dash and a few others (OP mentioned this also briefly on page 1 post 1).
Exchange OKEx Korea then reconsidered their formal decision to delist Dash and Zcash and to this day both Dash and Zcash can still be traded there :

Link : https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dash

https://okex.co.kr/kr/view/exchange?coin=DASH&market=BTC
https://okex.co.kr/kr/view/exchange?coin=ZEC&market=ETH

Monero was delisted right away though.
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
Not every country or exchange will follow these international laws. These exchanges did that under the pressure of their governments, Another important thing to notice is that we have decentralized exchanges where people can buy/sell anything from their wallet. It will be harder to track those transactions if thats what government is trying to do. There are many exchanges which are based in countries where there is no jurisdiction of FATF, why will they delist these coins.?
sr. member
Activity: 420
Merit: 250
I ever saw bigger coin and have higher price delist from exchange market because get problem by developer with their country regulation, they have coin with bigger exchange market like binance and price reach above $5, for other coin will get the same problem how ever listing with many exchange market but their coin got terrible with their government rule exactly will delist from exchange market.
legendary
Activity: 2548
Merit: 1245
Just for clarification, Dash is not a private coin.

Monero, Zcash : privacy-centric cryptocurrencies (meaning privacy is key focus for these cryptocurrencies and privacy is also their only use case. These cryptocurrencies have closed blockchains)
Dash : transaction-focussed cryptocurrency with optional privacy (optional privacy, which by the way is used less then 1% on Dash network. Also Dash has an open blockchain, just like Bitcoin)

Dash optional privacy is based on Bitcoin's CoinJoin, only implemented on a core level and expanded with more rounds to mix. There is currently more mixing occurring on the Bitcoin network
then on the Dash network .

Link : https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year

This leads me to conclude that Dash is less likely to get delisted, then privacy-centric cryptocurrencies with closed blockchains (where senders / receivers / amount can not be traced)
If an exchange delist Dash, that exchange may as well delist Bitcoin (which Dash has been forked from). Most exchanges view Dash the same as Bitcoin with regards to privacy and from a
legal/compliance point of view.
member
Activity: 406
Merit: 14
There might come a time where privacy coins will only be traded on decentralized exchanges but I bet this will make them more interesting, if you are not including any privacy coin in your portfolio you don't know what you are doing, there is high chances that privacy coins will be well noticed in near future.
hero member
Activity: 1540
Merit: 507
Apparently Zcash feels to be the most dangerous one. the ranks has trumbled down for a long time nearly two year without going up, feel bad for the investors including me. :-<
As not so many progress that happened with zcash and it's not a big surprise to see that. im still waiting for zkstarks that already promised before. Do you know about what happened with 1 million pre-mined coin of zcash? it seems become a very big problem for zcash for sure. Zcash offers nothing compared with dash and monero, that's why it was getting kicked into the bottom.
member
Activity: 302
Merit: 10
Apparently Zcash feels to be the most dangerous one. the ranks has trumbled down for a long time nearly two year without going up, feel bad for the investors including me. :-<
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
What is the point in trading an anonymous coin in a platform that is KYC-enabled? It doesn't make any sense. If an exchange allows the trade of anonymous coins such as Monero, Verge and Veil, then it can negatively impact both the sides. In my opinion, anonymous coins should be traded in DEX sites and peer-to-peer platforms. It is entirely another question, whether the authorities will allow such coins to be traded using the peer-to-peer platforms. Especially since many of the dark markets now prefer these coins instead of BTC or ETH.
hero member
Activity: 2156
Merit: 531
All crypto are decentralized and have an anonymous nature, including bitcoin, so whether we know every bitcoin holder, of course not. Delisted anonymous coins from several exchanges is their attempt to control crypto and this will make it centralized. For what is decentralized, if finally all our activities and privacy are known and controlled by them.
above coin is completely anonymous different from bitcoin the transaction screen is always on blockchain but the above coin is not have transaction screen that can be known by public ,you might forget crypto is identical to the blackmarket and coin at above as a fully anonymous service provider which makes it very popular with mafia holder I think will not be delisted because those are interested are still among to this private coin
hero member
Activity: 644
Merit: 509
if the excahnge's has been regulated by goverment, they must be legal activity too, they must report to goverment for each "suspicious activity" . the "anon transaction" feature from all altcoin above is the main reason to delist them. but if the exchange still unregulated + decentralized, goverment can't stop them to list any coin.

tracking transaction is very important for goverment, they can get tax income, they can track any "terorism fund", or illegal activity too.
full member
Activity: 2044
Merit: 109
If written off, I don't think it will happen, because such coins have their own markets, there are still many exchanges that accept coin exchange transactions. Regulation must be obeyed because Upbit and OKEx exchanges are official exchanges, of course they are subject to regulations

i think so too tbh, theres many smaller exchanges too

if the official exchange refuses, we can still do transactions on small exchange which are usually not official, not subject to regulation. Because this type of coin has its own market that desperately needs privacy
sr. member
Activity: 1260
Merit: 251
All crypto are decentralized and have an anonymous nature, including bitcoin, so whether we know every bitcoin holder, of course not. Delisted anonymous coins from several exchanges is their attempt to control crypto and this will make it centralized. For what is decentralized, if finally all our activities and privacy are known and controlled by them.
hero member
Activity: 1092
Merit: 501
Never thought about this, but now I think that scenario looks quite probable... But I think there always will be many small noname exchanges where you can sell your coins.
If governments really begin to pressure exchanges then the most popular ones are going to drop privacy coins but there are always going to be some exchanges out there that will allow you to sell those coins, besides if bitcoin is difficult to stop then those coins are impossible to stop and will always hold some value in the market due to their technology, but if anyone is holing a few of those coins not because of their properties but as an investment it could be a good idea to begin to get rid of them.
full member
Activity: 812
Merit: 114
Soon or later, privacy coins will get delisted from most of the centralized exchanges, the regulators will push hard to do it! But that won't kill the privacy coin's reputation, we may see more exchanges or dex exchanges based on only privacy coins! Even I think this the right time for Dash, or Monero to come with a DEX exchange for all the privacy coins!
newbie
Activity: 14
Merit: 0
If written off, I don't think it will happen, because such coins have their own markets, there are still many exchanges that accept coin exchange transactions. Regulation must be obeyed because Upbit and OKEx exchanges are official exchanges, of course they are subject to regulations

i think so too tbh, theres many smaller exchanges too
full member
Activity: 2044
Merit: 109
If written off, I don't think it will happen, because such coins have their own markets, there are still many exchanges that accept coin exchange transactions. Regulation must be obeyed because Upbit and OKEx exchanges are official exchanges, of course they are subject to regulations
sr. member
Activity: 1050
Merit: 256
The exchange is certainly delisted because there are several factors that are urged from outside, such as the government for example.
On the other hand, there is actually nothing wrong with private coins, but sometimes the users are wrong. Some people think that private coins can be used for money laundring, terrorist financing and other crimes. In fact all coins can do that besides private coins.
sr. member
Activity: 1036
Merit: 329
Never thought about this, but now I think that scenario looks quite probable... But I think there always will be many small noname exchanges where you can sell your coins.
yes this is the only option to have those coins active trade. All exchange that follow all regulation of thier state should follow also the law if they need to delist a coins in thier exchange they need to delist it.
hero member
Activity: 2926
Merit: 567
They are free to do it, not every exchange will delist these privacy coins. But if they have to, it means that it's not their personal decision but they have a government to comply with the set rules and regulations for the coins that they're regulating.
It's business and they don't want something to interfere with their operation and if they are required to do it, they'll do it.

It's like they are hostage against their will and their decision is based on their compliant to government set of rules, we want anonymity and decentralization but the government is thinking the other way, because it would mean greater freedom and no censorship and so far government is winning.
legendary
Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
Bitcoin and other cryptocurrencies draw more and more attention from regulators and politicians around the world. Governments openly pursue monitoring of transactions. They tend to restrict or ban digital currencies that make the monitoring job harder.

The most well-known example is the set of guidelines for the cryptoindustry released by the FATF. According to the document, Bitcoin exchanges and other Virtual Asset Service Provides have to observe KYC, AML, and CFT procedures like traditional finance companies. However, the decentralized nature of cryptocurrencies gets in the way of observing the guidelines to the letter.

In Bitcoin and some other altcoins there are ways to implement at least some form of surveillance. But when it comes to so-called “anonymous cryptocurrencies” this isn’t exactly the case.

Several recent cases show that some trading platforms aren’t going to bother and will simply delist problematic coins. On September 30th, a large Korean exchange Upbit delisted Monero (XMR), Dash (DASH), Zcash (ZEC), Haven (XHV), BitTube (TUBE), and PIVX. On October 10th, another Korean exchange OKEx did the same. In both cases, the exchanges acted because of the inability to observe FATF recommendations.

This is an interesting precedent that may have a significant influence on anonymous cryptocurrencies. Some experts suggest that mass delistings may leave such coins in oblivion.

Is it that bad?

https://forklog.media/will-monero-dash-zcash-and-other-private-coins-be-delisted/

damn thats crazy, i hope this dosent effect the market price wise, but imagine the trickle down effect of 3 or 4 of those coins being delisted on major exchanges :O
is this the government protecting the people? implementing anti laundering things? or just another power grab of a scared dying fossilized system?
sadly if they REALLY want to, they could ban all these coins, and the markets would implode i fear Sad
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