Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on December 31, 2023, 06:52:43 AM

Title: Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin
Post by: sirty143 on December 31, 2023, 06:52:43 AM

Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin Issue

(https://i.imgur.com/YKoLchkm.jpg)

Ricardo Spagni, the former lead maintainer of Monero, one of the most used privacy coins in the cryptocurrency market, has called on Binance to take a stance on the issue of privacy coins. Spagni stated that avoiding taking sides in the process is a disservice... See more for yourself here (https://news.bitcoin.com/former-monero-lead-maintainer-calls-on-binance-to-take-a-stance-on-privacy-coin-issue/).

Your opinion is greatly appreciated.
 

Title: Re: Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin
Post by: Fenix on January 04, 2024, 07:53:39 AM

This call on leading crypto exchange Binance will likely push it to delist Monero and other coins with high levels of privacy and anonymity. In recent months, this exchange has been clearly complying with the KYC/AML requirements that the state requires from it. In addition, information has emerged that this exchange provides US intelligence agencies with full access to the accounts of its clients and they can, at their discretion, suspend and block any transactions that they consider suspicious. Given the fact that some states are now banning such coins or significantly complicating the conditions for their circulation, I do not see any prospects for privacy and anonymity coins.

Title: Re: Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin
Post by: ABCbits on January 04, 2024, 09:51:14 AM

It's tall order, especially when Binance recently fined due to money laundry where former CEO also stepped down. I don't expect Binance would take stance on this issue.