🛑 IS THIS THE END FOR PRIVACY TOKENS LIKE MONERO?⁉️
- #OKX has just dealt a major blow to the privacy sector of the #Cryptocurrrency industry.
- The exchange today announced its plans to remove privacy-focused #digitalassets from the platform, including…
Monero $XMR
Dash $DASH
ZCash $ZCASH
- The reason given by OKX for the decision is that said tokens “do not fulfill listing criteria”.
- In reality, however, it seems likely that these tokens were chosen for the cull owing to their privacy-focused nature.
- Projects like #Monero and #Zcash have come under persistent scrutiny in multiple jurisdictions, across the globe…
- … and it seems likely that the CEX is folding under the pressure of increased government scrutiny and cynicism.
- This cynicism stems from the projects’ ability to obfuscate and obscure transactional data, which some claim makes them ideal for malicious and illegal activity, such as money-laundering.
- The delisting will become effective on January 5th 2024.
‼️Other Delisted Tokens…
- The above tokens are not the only pairs set to be removed from the platform in early 2024.
- Several pairs, including some of $FLOW, $KSM, $JST, $KNC, and $ZKS, are also set to have certain $USDT and $USDC pairs removed as soon as January 4th.
How will other exchanges react to this move?👇
