361
Binance / Re: Binance wants to delist monero
« on: February 14, 2024, 02:34:44 AM »They wont really be having no choice but to comply on whats been mandated or simply with the regulation that had been set. I'm living on a place or country on which they are bounding toBinance wants to delist some shitcoins as usual as exchanges are doing. List and later delist a coin or token. But this time, Binance included the privacy coin, monero to be delisted.I believe Binance has no other choice. Binance is a CEX and needs to comply with anti-money laundering regulations, Binance does not want to have to pay an 4B USD fine again in the future. Monero's anonymous advantages make it difficult to gain acceptance by governments, and the XMR token will be forced to be delisted from major CEXs. I hope that XMR will continue to be traded on other exchanges and have good liquidity to provide anonymity to crypto users.
It is very disappointing to see such a thing, but that is what a centralized exchange can do. There are many exchanges to access monero even if all centralized exchange delist it.
XMR price was hit hard after Binance's announcement, it tested the bottom it created in June 2022. I'm worried that XMR will miss the uptrend in 2024-2025.
ban Binance completely here in our country which this is really disheartening at the same time its disappointing. I've been using up this platform for 6 years and i didnt have any
issues on using up this platform or simply have that good user experience and didnt experience any issues or hassles. It is really just that sad that they would really be that prohibited
now to be used here in our country. As for delisting privacy coins then its not really something shocking anymore. Government doesnt really like on things on which they cant be able
to control or be able to check it out. So they would really be putting up focus into those centralized platforms.