Currently, the bifurcation of the currency market is very hot.
Japan will ban anonymous cryptocurrencies. What will happen to DASH?
So far its only Japan that banned privacy-focussed cryptocurrencies. The result of that ban is that
certain exchanges cut their ties to Japan. Kraken for example got rid of all its Japanese fiat pairs
and i suspect other exchanges will do the same to avoid getting caught up in too strict regulation.
Same thing happened with USA / New York when they introduced too strict regulation with their Bitlicense,
it caused volume to spead to other countries and it caused exchanges to cut ties with the USA market.
I think historically Europe has a much stronger pro-privacy sentiment and also do not want to stiffle innovation by banning
certain cryptocurrencies, so i suspect privacy-focussed cryptocurrencies will not get banned there and volume will start flocking
to that region.
There is however a role for Dash to play here as well, which is to inform people and policy makers / governments
that Dash is far more then just a privacy-focussed cryptocurrency like Monero and Zcash are. Dash can actually offer
a technological break-through in how people can do instant decentralized peer to peer transactions (without involving third parties) in this
new digital era we all live in.
Dash clearly aims for its technology to become mainstream adopted, not just by non-tech users but also by merchants and large retail businesses.
