Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Zardbeig on September 20, 2022, 01:35:03 PM
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Huobi, once one of the largest Chinese cryptocurrency exchanges, will delist a number of privacy-focused tokens including Zcash and Monero amid rising regulatory concern worldwide.
“Huobi Global strictly complies with the compliance policies of every country and always endeavors to safeguard our users’ assets,” the firm said in a statement dated Sept. 11. The tokens that were delisted on Sept 19 include Zcash, Monero, Dash, Decred, Firo, and Verge.
Unlike Bitcoin or Ether, privacy tokens such as Monero are designed to avoid tracking. Privacy is a key objective of many crypto proponents, however, there have been increased regulatory concerns in the digital-asset privacy sector.
Does this mean that decentralized exchanges will become more popular? Or they can be also forced to delist coins? And what will happen to the privacy coins market and who's next?
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Regulators are right about this. If we really want to be under the control of regulators, we should not criticize this issue. I don't want a regulated market. That's why I don't find this ridiculous arrangement appropriate. If the cryptocurrency market is under the control of regulators, the market will have no flavor.
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Huobi, once one of the largest Chinese cryptocurrency exchanges, will delist a number of privacy-focused tokens including Zcash and Monero amid rising regulatory concern worldwide.
“Huobi Global strictly complies with the compliance policies of every country and always endeavors to safeguard our users’ assets,” the firm said in a statement dated Sept. 11. The tokens that were delisted on Sept 19 include Zcash, Monero, Dash, Decred, Firo, and Verge.
Unlike Bitcoin or Ether, privacy tokens such as Monero are designed to avoid tracking. Privacy is a key objective of many crypto proponents, however, there have been increased regulatory concerns in the digital-asset privacy sector.
Does this mean that decentralized exchanges will become more popular? Or they can be also forced to delist coins? And what will happen to the privacy coins market and who's next?
It seemed to me that decentralized exchanges began to gain popularity a little earlier. And it started with the attempts of the authorities of different countries to cancel Bitcoin, and then Monero. I remember that about six months ago, European exchanges massively began to delist Monero. And anonymous exchanges like Crypton exchange https://crp.is/ from Utopia p2p - on the contrary added.
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Regulators are right about this. If we really want to be under the control of regulators, we should not criticize this issue. I don't want a regulated market. That's why I don't find this ridiculous arrangement appropriate. If the cryptocurrency market is under the control of regulators, the market will have no flavor.
Then what about privacy coins and decentralization? Do you think it's also not a way out? As I was looking that way to continue my regular crypto life.
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Decentralization and privacy coins are really good opportunities for users, in my opinion. I don't know what else to say, but I think you just need to spend time searching for suitable and worthy projects.
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I know the projects that suit me, but I worry about the delisting, regulations and sanctions. Now is a good moment for investment, but I'm not sure which platforms to choose for exchange, storage and all the other crypto related stuff.
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I'm sure you've already heard of Utopia p2p https://u.is/ ecosystem, which has no analogues on the web and provides a full anonymity to its users. Crypton transactions are completely anonymous + Crypton (CRP) is integrated by over 1800 online stores.
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I've heard about it as quite a lot of news regularly appears around that project. Seems that they're working hard on project improvement. Good for them, maybe it will force their coin to grow faster.
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By the way, now TradeOgre, Anonymous Crypto Exchange, Is Available within the Utopia Ecosystem: https://utopiap2p.medium.com/now-tradeogre-anonymous-crypto-exchange-is-available-within-the-utopia-ecosystem-fbb9c2972b28 I think they have great potential.
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Quite an interesting collaboration. It will help both of them to get extra attention and public. A kind of cross marketing. Let's see what's next.
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In an era when freedom of expression and human rights are no longer respected, the software like the Crypton Exchange from the Utopia p2p is undeniable.
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I've just checked that OKEx Korea, Upbit, Kraken and some other crypto exchanges are also delisting privacy coins already. Well, I don't like this movement. Privacy coins are the only ones now that feel more or less well on the market. No kyc decentralized exchanges have to take their top places now.
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You're right. Non-KYC crypto exchanges ensure that they don’t control a user’s funds and can’t watch their transactions.
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You're right. By the way, I've checked Crypton exchange from Utopia P2P (https://crp.is) that you've mentioned and it seems reliable and promising. I just wonder if they plan to add more coins as it's quite a little for now.
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I heard that the Utopia P2P plans to release its democratic Launchpad platform, which will help new crypto projects and startups to grow and launch.
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Well, it's quite a popular thing now, but as I've checked they announced the launchpad development quite a long ago and till now no updates on that point.. They developed a mobile version for ages, so launchpad may be also waited for long.
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Hmm, maybe the guys are busy with other developments :D Anyway, I'm sure the number of coins will increase significantly.
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Indeed. For sure Utopia will become popular sooner or later. They have good concept.
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Yeah, cool all-in-one ecosystem. As surveillance and censorship becomes more prevalent, the utility of Utopia will continue to rise and along with it, demand for its exclusive digital currency, Crypton.
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The best option for me still is having own privacy coin Crypton that you've mentioned and having own no KYC Crypton exchange (https://crp.is). If privacy coins ban will really happen, it will be still available for all.
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The best option for me still is having own privacy coin Crypton that you've mentioned and having own no KYC Crypton exchange (https://crp.is). If privacy coins ban will really happen, it will be still available for all.
You're right. They even may get more attention because crypto regulations and govs attention. Privacy coins may be delisted from some exchanges controlled by govs. But nobody can ban or switch off cryptocurrency.
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We have to remember about different mentality of people. Some will hear about ban and will simply refuse the certain coins, some will be afraid to use no kyc decentralized platforms as they're mass associated to illegal things. So this ban will cause big changes on the market for sure.
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As you know, so many men, so many minds, I will not impose my own. But I think everybody definitely has a right to privacy no matter what. Those who really need privacy will still find a way to buy privacy coins.
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Exactly. I repeat it again and again, but still there are those who don't understand such an easy thing. Decentralization and blockchain will save us all in this thing.
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Freedom of choice and censorship are two concepts that people have always been debating. I think, for the DeFi and blockchain to be used widely and wisely, there must be projects that will prove their worth.
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Seems like they're getting stuck as govt does everything in order to ban all such things associating it to illegal things. People are getting afraid and try to avoid it. But it's the only thing that can provide real online privacy.
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There is indeed. People don’t understand the massive changes which are coming to the world right now. I think if you use decentralized systems, it makes no sense to be afraid of some kind of prohibition and sanction.
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At the same time people are afraid of decentralization. For some reason it's associated to illegal actions, as well as privacy coins. But it's not my problem. I choose the freedom, anonymity and privacy.
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Perhaps people need more time to come to decentralization. There's no question that DeFi holds many advantages over CeFi. It's one of the biggest reasons why cryptocurrency has gotten popular in the first place.
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It's not about cryptocurrency on the whole, I think it's more about privacy coins. But I still see statements like privacy = illegal, scam, criminal. Until it's like that, it won't show its best.
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Their concerns are very reasonable, I get it, it makes sense. I don’t think we should be too quick to trust so called privacy coins until they’ve stood the test of time.
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It should be dedicated to all cryptocurrency. Okay, one can choose Bitcoin, Ethereum, USDT, some other top coins. But choosing between no names, it always needs a detailed research before investments.
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While the success of any cryptocurrency project is not assured, we can be richly rewarded over the long term. I'm bullish about Crypton, it has the potential to become the first global private currency.
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You speak too widely :) But why not, maybe it will happen. It doesn't really grow for quite a long time already, but its advantage over others is that it doesn't fall either. So we still have to wait, it will be interesting, I guess.
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I completely agree with you. It's true that CRP has been steady for a while now, but that's not a bad thing. Its stability is a positive aspect and it's definitely worth keeping an eye on. I'm excited to see what the future holds for this privacy coin and I believe it will be worth the wait. Let's see where this takes us!
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What's up with other crypto? As Bitcoin already reached $23k is it possible to see a positive movement of others too? Btw, which coins do you support? As I have Bitcoin holdings and some Monero as I really appreciate the idea of privacy coins.
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It's definitely possible to see positive movement in other cryptocurrencies as well. I personally support CRP privacy coin as well as Monero for their strong privacy features. Keep an eye on the market and diversify your portfolio for the best chance of success.
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As you've mentioned Crypton, according to the latest news, Utopia P2P announced a new support action for CRP mining. From 01.03.2023, Utopia P2P increases the minimum staking balance for mining nodes: from 32 CRP to 64 CRP per each mining thread. They believe it can stable and strengthen the network. Let's see..
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As you've mentioned Crypton, according to the latest news, Utopia P2P announced a new support action for CRP mining. From 01.03.2023, Utopia P2P increases the minimum staking balance for mining nodes: from 32 CRP to 64 CRP per each mining thread. They believe it can stable and strengthen the network. Let's see..
Apparently, in this way they want to prevent the abuse of mining and preserve the value of CRP. Maybe in this way they will really be able to stabilize and strengthen the network.
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The abuse of mining sounds funny)) Well, it’s interesting whether there will be an opportunity to alienate the starting stack from other users or not. As then many can be repelled if they just want to try.
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The abuse of mining sounds funny)) Well, it’s interesting whether there will be an opportunity to alienate the starting stack from other users or not. As then many can be repelled if they just want to try.
There seems to be such a possibility. It is possible to temporarily delegate crypto to a miner without losing control over the funds. Such a feature should help support the ability to create community-driven mining pools and processors.