In the long term i think regulators DON'T want to ban monero , because with exchanges they atleast have a grip on KYC/AML .... if monero is to become the defacto dark-market currency banning it would have the opposite effect that they wanted ... people will trade monero in the dark and they would not have a clue about KYC/AML at all about all of the floating monero... so better to have SOME information on XMR users than none i would say
Very well said. I have been wondering if this point is just lost on folks. Evidently not.
It's sort of a win/win for Monero demonstrating a bit of it's anti-fragility as a private payment system.
Yeah also people trading illegal stuff make mistakes and with exchanges this would give the authorities atleast a trail that they could follow or some sort of evidence, eventhough they could never proof what exactly got traded for what XMR
^ And what advantage would the regulators get from banning XMR tho...? It doesn't automatically kill the demand for private transactions. If anything, I think a 'ban' could even make it more in demand granting that crypto users, both old and new, are educated enough to know what privacy coin is the best.
None, that's the point, xmr would probably lose a lot of price first off, but you can not kill it and it will still function as intended and live one
