Isn't quite new to hear SEC is upsetting many investors due to their strict crypto regulation that brought some projects into a big question. They have XRP and now Monero (XMR) - it was about to think that the government is in the urge to regulate crypto projects because of many scam incidents and it was occurring and increasing. I'd see this having a negative impact on Monero and surely price decline but still believe this never makes this project die, I'd still see a surviving sentiment despite the current issue.
This is how it turns out that privacy coins are more prone to strict regulations.
Topic: Worried about Moreno - page 3. (Read 443 times)
I've already asked in this section what could be a good alternative to Monero, but I haven't specified the reason of my question, so literally everybody were wondering why I was looking for an alternative despite having such a good platform like XMR.
The reason is that future regulations scare me a little bit, specially privacy limitations, they've already wiped out Tornado Cash and Blender, because "they are perfect for money laundering".
Their next target will be privacy coins, more specifically Monero, and nobody will change my mind, regulators already issued statements against Monero and I think it's only matter of time.
So, do you know any good alternatives to Monero?
The reason is that future regulations scare me a little bit, specially privacy limitations, they've already wiped out Tornado Cash and Blender, because "they are perfect for money laundering".
Their next target will be privacy coins, more specifically Monero, and nobody will change my mind, regulators already issued statements against Monero and I think it's only matter of time.
So, do you know any good alternatives to Monero?
They have already done that, and so far, nothing happen, If im not mistaken there is an article about the IRS launching a bounty just to crack the Monero code, But until now there's nothing happen, and Monero is still traded in some exchanges, so why bother? I believe even if it will delist in a major crypto exchange especially the centralized one, Monero still survive but hopefully not without any DeX replacement. Anyway if you are really afraid of the uncertain future of Monero then why not look for other alternatives there are plenty of cryptos, not just the privacy coins. just saying!
That doesn't seem to be a right story about that. As far as i know if monero has been exist even longer in the market compared with tornado or something like that but the problem is regulators can do nothing against monero. Did you remember how hard SEC tried to crack down monero until it was creating a competition? It was not ended with a successful result. I remember that a company claimed able to crack down monero's tech but it has not even proven. I think monero is quite safe.
If that is really the case then we have nothing to worry about then. This topic has been discussed for years now and nothing has changed since then because as you said, the SEC can't do anything about it. Monero is perfect for hiding your transactions and crypto assets and also other privacy coins like it and they cannot just simply remove it or put some heavy regulations against it because it's not that simple and the evidence for that is until now, they haven't made any progress on shutting it down.
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That doesn't seem to be a right story about that. As far as i know if monero has been exist even longer in the market compared with tornado or something like that but the problem is regulators can do nothing against monero. Did you remember how hard SEC tried to crack down monero until it was creating a competition? It was not ended with a successful result. I remember that a company claimed able to crack down monero's tech but it has not even proven. I think monero is quite safe.
Fuck them, stay monero, your keys your coins, fuck their regulations and exchanges. Physicals are a nice option to deal with monero.
I've already asked in this section what could be a good alternative to Monero, but I haven't specified the reason of my question, so literally everybody were wondering why I was looking for an alternative despite having such a good platform like XMR.
The reason is that future regulations scare me a little bit, specially privacy limitations, they've already wiped out Tornado Cash and Blender, because "they are perfect for money laundering".
Their next target will be privacy coins, more specifically Monero, and nobody will change my mind, regulators already issued statements against Monero and I think it's only matter of time.
So, do you know any good alternatives to Monero?
The reason is that future regulations scare me a little bit, specially privacy limitations, they've already wiped out Tornado Cash and Blender, because "they are perfect for money laundering".
Their next target will be privacy coins, more specifically Monero, and nobody will change my mind, regulators already issued statements against Monero and I think it's only matter of time.
So, do you know any good alternatives to Monero?
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