1
Privacy Coins Forum / Re: OKX to delist privacy coins
« on: May 29, 2024, 10:04:44 PM »Alas, the further you go, the stronger the regulation. Unfortunately, nothing can be done about it. Most likely you should accept it and continue to study/earn - there is no other way out. In any case, there will be what the SEC will do in exchanges/anonymous services etc. What I wrote above is just my thoughts out loud, nothing more. The further it goes, the more interesting it gets.As Freemind mentioned, CEXs need to comply with legal regulations in order to exist in this market. Internet also had to adapt to be widely used as it is today, and crypto also needs clear legal frameworks to comply with and develop. CZ and Binance's actions are the clearest proof: accepting compromises to retain the future of Binance CEX in the face of intense scrutiny from the US government. The same applies to users: we need to perform KYC when we want to use the services that CEXs provide.
P.S. I personally, have already given up many crypto-exchanges, you know what I get in the mail? Messages that I need to pass verification or I will be blocked.
Privacy can be very useful for some users, but it can also be a threat to the management and development plan of the crypto market. Going against governments is not a wise decision, which is why BTC has never been a privacy coin, and the Bitcoin blockchain is public and transparent.