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Privacy Coins Forum / Re: OKX to delist privacy coins
« on: Today at 08:59:16 PM »Alas (unfortunately), the exchanges do what they are told. In the future, the situation will worsen in this regard, because there will be strong regulation not only of anonymous assets but also of exchanges.
There are only two ways out, or they obey the jurisdiction + those rules/laws or completely close their activities, both with exchanges and projects. In my understanding, there can be no other way. Again, what you and I are seeing is just the beginning of regulation, the further it goes the worse it gets. Alas...
It is very clear that if exchanges do not cooperate (voluntarily or not) with governments, they will end up losing the licenses that allow them to keep their businesses running. But if they are going to require more information and reinforce KYC/AML policies they must also think that part of the users (those who care most about their privacy) could stop using those exchanges and trade on other platforms.
It is possible that all this will lead in the future to "all" exchanges using the same methodology to demand private information from users, which would lead us to the fact that if we wanted to trade on exchanges with large volumes, we would have to do KYC, even if we didn't want to. In fact, I think something like this could happen, since the KYC requirements on the most well-known exchanges are becoming more similar every day.