So, now after the XRP has died, the exchanges are targeting the others:
KYC = Know your coins
Where am I?
In The Exchange you can ask and answer questions and share your experience with others!
So, now after the XRP has died, the exchanges are targeting the others:
KYC = Know your coins
In The Exchange you can ask and answer questions and share your experience with others!
My opinion is that this is not the end of privacy coins. First of all, ZCash and DASH are far from private, they are just suffering the fate of having that option, but over 98% of ZCash transactions are public, no one uses their privacy option. That said, this is far from the end of the privacy sector. I think it depends on your viewpoint, if you only use centralized exchanges for trading in/out of coins, then there will be less centralized exchanges with privacy coins to trade.
I believe that centralized exchanges are going the route of stock exchanges (especially in the US) to comply with regulations. But the bulk crypto trading is going to phase into decentralized exchanges that offer peer-to-peer trading, direct from desktop to desktop and even mobile to mobile. AtomicSwap technologies are spearheading that and there are at least a couple of products out in beta testing. To that, coins with superior privacy technologies such as Monero and Pirate Chain are going to be the base trading pairs to protect privacy.
So, I think privacy coins leaving centralized exchanges is just the natural evolution of the space. I believe the bulk crypto flows is going to be in decentralized p2p exchanges in the next decade.
I believe that regulators will only allow transactions that they can monitor and tax, and also big money institutional investors will only go into something that regulators will approve.
This is certainly true for the US - US regulators want to know how everyone spends every last cent and what they're spending it on and will use the excuse of "preventing terrorism and money laundering " as the reason . Certain other jurisdictions around the world however are almost certain to be willing to look the other way and allow anonymous currency transactions.
Agree. I think it depends on the individual, whether one chooses to invest within government regulated space or to venture into crypto-enabled unregulated space. To each his/her own preferences.