Cryptocurrency Exchanges Delist Monero Due to Its Criminal Reputation

[MRM]

Monero cryptocurrency offers its users enhanced anonymity features. However, this feature is favourable not only to ordinary traders but also to criminals taking advantage of the coin for illegal purposes. This makes some cryptocurrency exchanges avoid dealing with the coin.

Thus, on July 24, one of the top cryptocurrency exchanges Coinbase announced plans on delisting Monero. The company’s CEO Brian Armstrong stated they want to avoid possible scrutiny due to regulatory uncertainty about Monero in the USA. While taking part in a What Bitcoin Did podcast, Armstrong admitted that privacy coins like XMR might become “more mainstream” over time, and then Coinbase would consider listing them again.
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