Home
Artists
Search Recent Random
Posts
Search DMs Popular Hash Lookup Tags Random
Importer
Import FAQ
Register
Partychan SimpleX Chat ThePornDude
Home Artists Posts Import Register
Join the new SimpleX Chat Group!

I always warned against Privacy Coins - Govts will never accept (Patreon)

Published:
2023-06-03 01:00:04
Imported:
2023-06

Content

Governments hate privacy coins like Monero because they make it difficult to track financial transactions. This can make it easier for criminals to launder money and evade taxes. Additionally, privacy coins can fund terrorist activities and other illegal activities.

Here are some specific reasons why governments might hate privacy coins:

  • Money laundering: Criminals can use privacy coins to launder money by mixing it with legitimate transactions. This makes it difficult for law enforcement to track the source of the money.
  • Tax evasion: Privacy coins can be used to evade taxes by making it difficult for governments to track who is sending and receiving money.
  • Terrorism: Terrorist organizations can use privacy coins to fund their operations. This makes it difficult for governments to track and stop terrorist financing.

COINS IN Q

12 distinct privacy coins from these markets. Among the privacy coins set to be delisted are dash (DASH), verge (XVG), beam (BEAM), monero (XMR), navcoin (NAV), firo (FIRO), horizen (ZEN), secret (SCRT), zcash (ZEC), pivx (PIVX), decred (DCR), and mobilecoin (MOB).

THE DETAILS

  • Binance is set to remove 12 privacy coins, including dash, verge, monero, and zcash, from its markets in France, Spain, Italy, and Poland.
  • The delisting is attributed to local regulatory requirements, and users in France will no longer be able to buy or sell these privacy coins on Binance's platform starting from June 26, 2023.
  • Privacy coins experienced a decline in value against the U.S. dollar, but the top five privacy coins based on market capitalization show positive performance in the seven-day statistics.
  • Delistings of privacy coins have occurred before due to regulatory concerns, with exchanges in South Korea and Japan previously removing them from their platforms.
  • Binance's decision to delist privacy tokens follows its withdrawal from the Canadian market and challenges with a domestic payment provider in Australian markets.

Thanks to Sanjay for making me aware


Files

Comments

Anonymous

It's always been like that on Binance Australia, when you pass KYC you're warned you'll lose the ability to trade privacy coins. Personally I'm a bit suss about the loss of any privacy on open transparent ledgers (for it to replace the traditional baking system).

Anonymous

Surprised Kraken still trades Monero and a few of the other names listed 🤔

Anonymous

I will continue to buy and hold SCRT on Osmosis with Kepler. We don't need Binance

Anonymous

for being banned xmr hardly went down. the world is going to decentralized exchanges where it doesn’t matter

Anonymous
>>109908836

theres also public keys you can disclose in an audit that reveals transactions

Anonymous

You don't hold privacy coins as investments, you hold them to give the middle finger to the government 😆

Anonymous

For those who buy these: buying a privacy coin on a CEX always sort of defeated the point of a privacy coin. Really the only way to get them...probably not even a standard DEX (we know that many DEX's, even if they say they don't gather user info and don't have a way to pass it on if asked...often it turns out that they do). If you want privacy with privacy coins you know what to do. If you don't, find out. Shouldn't be buying them on CeFi anyhow. ("Yeah but" - yeah but doesn't really cut it. I know all the rationales of "I can buy them on a CeFi platform and still be totally incognito because I'm behind 7 proxies and run everything through a yada yada yada." If you were that cool you wouldn't be buying them on a CeFi platform). /end soapbox.

Anonymous

None of this will matter as it will probably be mandai to use a CBDC as 'stablecoin' to move stuff around in and out..all the delays in regulation is purely buying time to get that in place IMO 🫰😌

Anonymous

Or they hate them because they can't spy on all legit transactions

Anonymous

Don't own any of them, think we were warned long enough ago to steer clear.

Anonymous

Privacy protocols like Railgun are developing proof of innocence to counter this.

Anonymous

Where then should one look in order to remain private with our BTC and ETH transactions?

Anonymous

Australia is indeed getting very real with this. I decided to run into a burning building (metaphorically) and sent a small sum of cash to crypto.com to buy the dip on Sat. I am at ANZ, which has been relatively ok with crypto thus far. Within 2 hours my bank account, mobile app and webbrowser login were all blocked. I got a message and email that I needed to call them. I did. They said that there was a suspicious transfer and that I needed to talk to someone else to verify a charge. Then got transferred to overseas operator. They asked me if I made the charge and if it was legitimate (this was after waiting on hold for 30 minutes and going through extensive identification twice). I answered yes and in my mind that should have been the end of it. He kept on. Asking me if anyone coerced me into sending it, if I had been convinced by an email to do it, did I find it on a dodgy website. It went on and on. Part questioning, part condescending lecture. I felt like hanging up but knew they would keep it locked if I didn't keep listening to their lectures about how bad crypto is. He just wouldn't believe that I bought this of my own free will. He asked if I had been watching youtube videos that told me to do it. He said that there are people like Bill Gates on youtube that are saying you will become a millionaire if you invest in crypto and he assured me those were not true. No kidding, that's exactly what he told me. Thank goodness, don't know what I would do without them! Unbelievable. For having done nothing wrong I got harassed- this was way beyond checking to make sure the payment was legitimate. I guess that's their plan for now, intimidate people and fill them with FUD that crypto is all scammers and make payments hard by making people verify everything in a timely and difficult manner. As noted above other banks here have started closing the on and off ramps to exchanges. We always knew this day might come, a lot more real to see it happening in front of our eyes.