Topic: Will privacy altcoins be banned ? (Read 162 times)
Maybe for now not but it could be done in the future. Besides bitcoin..blockchain technology makes the emergence of various alternative coins (altcoin) with its own various features. Altcoin is popular because of its privacy features including Dash, Monero, and ZCash.
Yes im affraid that it will be banned by the government, but it will be hard because demand and supporter of this type of cryptocurrency are very high, and don't forget it is decentralized . Honestly everyone wanna keep their privacy from the other, thats why it will be exist.
Yes, the anonymous nature of crypto is what troubles the authorities most. As tokens are shifting to KYC for legalization, banning privacy focused coin wouldn't be a wonder. But in doing so, it'll only increase its value.
will the founder of Bitcoin appear to the public? if that happens will make cryptocurrency in the world become excited
I dont think so and I dont think it is any time soon. We shall know when full regulations enters the blockchain technology
it will be sad if anonymity of the cryptocurrency banned.
the crypto will not different anymore with other fiats.
the kyc is for security reason i think.
the crypto will not different anymore with other fiats.
the kyc is for security reason i think.
Yes, the anonymous nature of crypto is what troubles the authorities most. As tokens are shifting to KYC for legalization, banning privacy focused coin wouldn't be a wonder. But in doing so, it'll only increase its value.
There are a number of privacy coins such as Monero, Dash, DeepOnion, ZCash. Do you think these coins can be banned as regulators try to enforce know your customer (KYC) policies on exchanges.
I agree with you.
I do not think any government wants to see the existence of anonymous coins and will try to find ways to stop them. However, since these anonymous coins are decentralized and have many supporters, it is certainly very difficult to ban them.
It could be a possibility that some governing bodies wouldn't want those coins trading on exchanges and would try to keep them off. But I don't really think it will go that far.
There are a number of privacy coins such as Monero, Dash, DeepOnion, ZCash. Do you think these coins can be banned as regulators try to enforce know your customer (KYC) policies on exchanges.
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