It's just been a question of time until the officials / regulators start to target privacy coins as those are the actual tokens providing financial freedom to the people. Transactions on Monero, Zcash and Dash are hard or even impossible to trace and therefore uncontrollable.
It's therefore not really a big surprise that Japan's regulators are pushing local exchanges to drop those tokens to not further encourage their use. Of course they justify the approach with phrases about fighting crime as that's, at least according to them, the primary use case of those cryptocurrency.
After reading through those news I honestly couldn't do anything else than to smile as they basically made an open statement that those cryptocurrency can't be controlled by them at all. It's a huge success if you ask me as this just shows the huge power of crypto and their potential to free us from being their permanently controlled slaves!
But The Best Is Just To Come...
As I closed the article I stumbled upon another with the headline "Circle Adds Zcash to Crypto Investment App". I guess you can imagine that my smile just got bigger after I've read this xD
Ladies and Gentleman, the war has begun. Privacy coins, Corporations, Regulators, Banks and Governments are probably all going to get engaged into it in the near future. It'll be an interesting fight and I'm more than just curious whether they'll be able to kill any of those blockchains or whether their actions might in the end backfire badly and even further promote their usage.
I personally will follow the news on it closely as this could get really really interesting. If privacy coins are able to survive that storm then there will nothing that can stop them anymore and we all will be able to store our wealth anonymously in tokens, which forced the guys in the top to capitulate.
The Future Is Bright!
( Source 1 -Forbes.com )
( Source 2 -Coindesk.com )
A Crypto Startup Revolutionizing Steem! |
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Privacy is very important. I think Zencash is an interesting privacy coin also and has great future.
In my opinion more and more people will value privacy a lot more in future as it'll be harder for the government to track them down and try to control them once again...
Anyone who didn’t see this coming needs to wake up! You are right on my friend!
They (governments) were never gonna let anonymous tokens hang on exchanges that need gov permission to run. Frankly I think exchanges defeat purpose of crypto but that’s another convo
Stop using exchanges people! Get ur keys and get a offline wallet!
That's why once again we need to show people the importance of decentralized exchanges. Whenever those get the publicity they deserve any government will be forced to simply watch things happening.
very interesting.... who do you watch for info? i watch cyptoverse sometimes
mmh cryptoverse? I thaven't heard of them just yet I think. I'm mostly reading through the news actually and stalking the usual crypto guys on twitter.
The future is definitely bright; I'm looking forward to the best..... Thanks for the analysis, it's a thumbs up from me
Hey thanks for that thumbs up :) It's awesome to see how many people are looking into the future with a big smile ;)
thanks a lot for share this blog..keep support with me dear..
Always with you.
They can try but they will fail at banning monero etc. Yes some exchanges might drop it but there is so much monero etc. already in circulation and many users who want anonimity which means it's a supply and demand thing and both are big enough that it will survive.
SINCEREST of THANKS for posting this People need to remember that the spirit of cryptocurrency is not investing, but rather freedom. Freedom form the banksters and the financial rigging of our world system. I am proud this was my initial motivation for buying some with my hard-earned dollars. At the same time, I've been kicking myself for not moving funds into privacy coins. I had some cloak, but sold it a while back. I will acquire some Monero this year and will look inot other privacy coins as well. Unless you're a government agent reading this. If you are reading this agent Smith, I am lying and would never acquire something of such ill-repute.
They’re admitting defeat by fighting privacy coins sure, but they are going to cause some serious market wide FUD in the process.
Shit is going to proper hit the fan here. I think that the privacy coins will win out in the end, but there’ll be some casualties in the meantime.
Some of those coins won't be able to survive the storm but others will and then the guys in the top will face the huge fomo while being unable to stop them anymore. One can't beat cryptocurrency, they are designed to resist the governments.