It is very worrying that DASH has begun to be removed from some exchanges as an anonymous currency...
FATF will ban exchanges from trading DASH.
where can I see news about this? and what is the reason DASH has been removed from some exchanges? hope this does not happen in many exchanges. would be very bad if it happens because many people assume and believe it and hope it doesn't happen in a big exchange
Thats just Alexey45 spreading FUD (which is why i put him on ignore).
FATF put a list of recommendations out for its member countries to follow (these are not mandatory for exchanges, just guidelines).
Part of these recoomendations includes a "travel rule", which already exist for banks and is now introduced to crypto exchanges as well.
This travel rule allows information gathering on senders and receivers from crypto transactions. Just like Bitcoin has an open blockchain
with public viewable addresses of senders and receivers, so has Dash. This means Dash can comply with this travel rule and the FATF ruling
in general, to the same extend as Bitcoin can.
There is catch though, both Bitcoin and Dash use optional coinmixing on their network through CoinJoin. With Bitcoin this happens
through several wallets that support CoinJoin mixing and consists of 4% usage on its network. With Dash this optional CoinJoin mixing is
called PrivateSend and consists of less then 1% usage on its network.
Link :
https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year Link :
https://dashradar.com/charts/privatesend-transactions-per-daySince Dash and Bitcoin are both open blockchains and Dash is a fork of Bitcoin and they both use optional CoinJoin mixing on their network (Bitcoin more then Dash), there is no legal difference between Dash and Bitcoin and therefore Dash should be treated the same as Bitcoin by exchanges (most exchanges indeed do treat Dash the same as Bitcoin).
To comply with the travel rule exchanges and custodial wallet providers either use their own system of gathering this information,
or they use a recentely developed open source solution, named TRISA
CipherTrace unveils open source solution for crypto Travel Rule compliance ‘TRISA’
https://tokenpost.com/CipherTrace-u...-for-crypto-Travel-Rule-compliance-TRISA-3369There were some exchanges that decided to delist certain cryptocurrencies that provide privacy on their transactions, because
of pressure by their government or because these cryptocurrencies could not apply to the travel rule. For cryptocurrencies
like Monero and Zcash thats understandable, as they actually shield their sender and receiver information on-chain and can therefore
possibly not comply to this travel rule (i say possibly because i dont know if TRISA can work on privacy coins with shielded
addresses that are active by default). For Dash getting delisted, while being able to comply to this travel rule is strange, they may as well
delist Bitcoin then as well. Most exchanges seem to have no problem with Dash and Dash still gets listed on new exchanges on
a daily basis (Coinbase, Coinbase Pro, Binance US, Vaultoro, Bibox and many others). These would not have integrated Dash,
if they thought Dash could not comply with these FATF recommendations.
So far the delisting of privacy coins (including Dash) concerns a few exchanges in the following countries :
Japan (Coincheck)
UK (Coinbase UK, CEX.io)
South Korea (OKEx Korea*, Upbit)
* this the lessor known smaller exchange OKEx Korea, not to confuse with OKEx who still has Dash listed.
And on state level : New York State (excluded by Coinbase Pro for Dash)
New York State is not a delisting by the way, its just very difficult to receive a listing there, because of its Bitlicense.
I think some of these exchanges failed to inform their governmental organisation that put pressure on them
to delist these privacy coins, that Dash is not privacy-centric anymore (unlike Monero and Zcash, who fully focus
on privacy / privacy-centric, Dash just provide its privacy optional as one of many services), and therefore should not be classed
together with these privacy cryptocurrencies anymore.
