Why do exchanges cave in to anti-monero sentiment?

[bitcoin talk]

Why do exchanges cave in to anti-monero sentiment? Is this a US law enforcement led thing?
It's so much harder now to swap cash for xmr.

[Nwada001]

Monero is a top privacy coin; regulators have tried as much as they can to crack it down, which they were unable to do. They have even set a $625k bounty reward for whoevercan crack the anonymity of Monero, which no entity has as it stands now. Monero is one of the best privacy coins, and the government won't want to deal with such, and for exchanges to retain their licences, they will have to follow the law, not just from the US government.

It's no longer hard to swap and trade your XMR like before. Now even in this forum there are few trusted services like Trêvoid and other non-kyc exchanges, which you can easily use to swap your Monero down to another coin/token and then move it to whicheverexchange you want to use their service to convert your funds to fiat.

[Lida93]

Why do exchanges cave in to anti-monero sentiment? Is this a US law enforcement led thing?
It's so much harder now to swap cash for xmr.

You can't blame the centralised exchanges on this one. They are a business platform operating under a government given license. Anything that would make them appear to be going against the policies guiding their license they will entire want to avoid.

As much as I am in love with bitcoin, when we talk about near absolute privacy, Monero is a class. However, no coins exist within its own disadvantage but that's a topic for another day.

[asriloni]

Why do exchanges cave in to anti-monero sentiment? Is this a US law enforcement led thing?
It's so much harder now to swap cash for xmr.

Don't use monero anymore if you're wanna make sure it's easy in exchanging your token for cash. You get bitcoin as a pseudonim coin, and why still use monero?

Almost all of countries are prohibiting the privacy coin. That's the reason why almost all of exchange sites are anti-monero at this moment.

[TastyChillySauce00]

They don't want to get into any problem, I guess it's part of them complying with the AML/KYC regulation and the nature of monero that's very privacy focused is a problem to that.

After all we've got plenty of exchange being strangled into AML related regulation so it's to be expected that they just caved in and delist monero.

[el kaka22]

Including this community, most services recently decided to comply with many country's regulations framewoks which is mainly dealing against money laundry. This is the reason almost all highly established exchanges delisted privacy oriented coins whereas this forum decided not to advertise any privacy encouraging services.

I guess nothing against monero alone whereas three to four similar purpose projects got impacted due to this development. Regulations are something we cannot ignore regardless of we prefer or not but we need to comply for survival. So, we need to look for possibilities to live within available things. This is what exchanges are doing with monero.

[JeffBrad12]

Just a common sense for a centralized company seeking profit to get rid of the thing they thought may pose a threat and monero is one of them, like it or not the government has been pushing exchanges to delist monero with regulations.
For an exchange that rely heavily on regulation to stay in the game, it's the most logical thing to delist monero, it's not like it generate big profit for them, trading volume mostly is low.

On the other hand I think that monero better stay in decentralized environment.

[passwordnow]

Why do exchanges cave in to anti-monero sentiment? Is this a US law enforcement led thing?
It's so much harder now to swap cash for xmr.

Because it's a privacy coin and the most known. Of course the governments are going to flock and tell the exchanges to delist it because many are using it for illegal activities. It's a complete privacy in transaction and that's why money laundering could be happening there on a daily basis. So do not be surprised if exchanges keeps on delisting it especially the centralized ones. And so, I agree to this;

On the other hand I think that monero better stay in decentralized environment.

[Yaunfitda]

Why do exchanges cave in to anti-monero sentiment? Is this a US law enforcement led thing?
It's so much harder now to swap cash for xmr.

Pretty much that's it. There is pressure on government on this exchanges, that's why they really need to give in and not list Monero on their exchange otherwise the authorities might go after them. And it's obvious though, I mean Monero is a privacy coins and government thinks that there could be individual hiding thru Monero with their dirty money and other illegal activities. Although Monero still exists in the market, not sure if there are still users here who are using it. And in any case, if you haven't heard this before,

https://cointelegraph.com/news/the-irs-offers-a-625-000-bounty-to-anyone-who-can-break-monero-and-lightning

The United States Internal Revenue Service has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins such as Monero (XMR) as well as trace transactions on Bitcoin’s Lightning Network.

[Webetcoins]

Monero is a top privacy coin; regulators have tried as much as they can to crack it down, which they were unable to do. They have even set a $625k bounty reward for whoevercan crack the anonymity of Monero, which no entity has as it stands now. Monero is one of the best privacy coins, and the government won't want to deal with such, and for exchanges to retain their licences, they will have to follow the law, not just from the US government.

It's no longer hard to swap and trade your XMR like before. Now even in this forum there are few trusted services like Trêvoid and other non-kyc exchanges, which you can easily use to swap your Monero down to another coin/token and then move it to whicheverexchange you want to use their service to convert your funds to fiat.

Was about to say the same thing that this isn't only limited to US or this isn't only about the US law enforcement because why the boycott seems to affect almost all crypto exchanges? I only say " almost " because I think there are still some that supports it, especially if it was a decentralized type of exchange.

With what is said earlier, I would say that regulators have somehow successfully cracked down Monero but to crack it literally (E.g relating to codes), I think this isn't possible anymore. The same with other cryptos, as they are already deployed. No offense but I think Monero users choose this coin because they want to be anonymous and doesn't want to deal with cash. But anyway, as you said, converting Monero nowadays must only be a piece of cake.