Bad news for privacy-oriented cryptocurrencies holder

[Imran232]

Bittrex Global will delisting popular privacy-oriented cryptocurrencies


More news:
https://bittrexglobal.zendesk.com/hc/en-us/articles/360018560640

Maybe we are going to see a biggest price dump all of this coin like xrp.

[shinratensei_]

this news already published yesterday and it seems like people have started to dump their privacy coins due to this news. You must see how the dash was claiming it was not a privacy coin again. That sounds ridiculous consider dash has been claiming to be the most anonymous coin in crypto to compete with monero.
As long as there will be no other exchange site will be delisting the dash coin and i thought that will fine.

[qwizzie]

this news already published yesterday and it seems like people have started to dump their privacy coins due to this news. You must see how the dash was claiming it was not a privacy coin again. That sounds ridiculous consider dash has been claiming to be the most anonymous coin in crypto to compete with monero.
As long as there will be no other exchange site will be delisting the dash coin and i thought that will fine.

What Dash is claiming is this :

Dash’s transaction rules are identical to Bitcoin, and therefore for regulatory and compliance purposes Dash can and should be treated identically to Bitcoin.

Source : https://media.dash.org/wp-content/uploads/Dash-PrivateSend-Legal-Position-EN.pdf

[mindrust]

Monero was one of the few alts I have been holding. Such a shame.

They indeed want to know your transactions and holdings and anything that hides it won't be allowed in the future it seems.

Monero will be alive as a network but low prices are bad for the investors and nobody wants own worthless coins which they can't trade for something else. Soft belly of crypto.

[tabas]

Yes, bad news.
But there is no need to post another thread with the same topic where it has been already made by another person earlier.
Bittrex delisting XMR, ZEC and DASH

[bitcon]

Bittrex has not even commented on its decision, but the reason for the delisting is already clear: a conspiracy of exchanges that remove anonymous coins from the trading list, guaranteeing the confidentiality of KYC and AML procedures. The war on anonymity has begun.

[Globb0]

But it doesn't really guarantee anything.

A few people out of the race.

Monero also has things such as view key functionality.

If you had to show something you could do so.

[Welsh]

The war on anonymity has begun.

I just see this as an opportunity for a company to offer what Bittrex fails to understand. I think this might just be a bump in the road as opposed to the "death of privacy oriented coins". Bittrex although a big exchange in the industry certainly isn't the only one. They've picked KYC, and reduction of privacy instead of increased business. So, there's a gap in the market for some other exchange to cater for this, and take a large portion of trade off of Bittrex.

This was likely because of pressure of the local jurisdiction of Bittrex (is it America?). Whereas, other exchanges in other jurisdictions aren't likely to be confined to the same regulations.