Monero get delisted, again

[NeuroticFish]

I guess people are not interested Monero anymore. There will be the time that one crypto will end. For sure more exchanges will get delisted monero in the future.

The fact its price was rising quite nicely this year, I think that your guess can't be farther from the reality. Or you want to troll.
No. The fact Monero is anonymous coin is not something the (fiat) regulators like, since they can't track the money flow. So they tend to ban it and some exchanges, especially if they work with fiat (but it's not a rule) will have to comply.

[Samayuki]

Privacy coins getting delisting from exchanges is not bad for me, it seems government involvement in few exchanges is making this happened, they will never like Monero capability because they can't control the coin 

[Finestream]

This is a bad news, Huobi  is a decent exchange but the good news is there are still a lot of exchanges that are keeping Monero in their site, especially Binance. Per record in https://coinmarketcap.com/currencies/monero/, this coin has over $100 million trading volume, I think that is good enough.

one exchange delisted monero but I do believe it will surive and maybe more exchange will operate and add monero in the future.

For me, this is still a great coin.

[LbtalkL]

Monero get delisted once again because of low trading volume and anonymity functions on Houbi Korea exchange, why is this happening? Are people getting tired of privacy coin? Xmr is one of the top coins, what's your take about this?

https://cointelegraph.com/news/huobi-korea-delists-xmr-amid-nth-room-sexual-exploitation-case-rumors/amp

It's because government are putting pressures on exchanges to de-list privacy coins such as Monero.

This has been on-going at the start of 2018, if I'm not mistaken. As we all know, South Korea has a very strict implementation with regards to their exchanges. So it's just a matter of time before we can see Monero being de-listed by a lot of top tier exchanges in the future.

If the government is the reason for delisting a privacy coin it is not really good for privacy coin holders and traders but I guess it is delisted on few exchanges only. I have checked on Huobi Global it is still listed. ZEC or ZCASH is privacy coin too and it is not delisted on Houbi Korea. I'm confused about what is the basis of the Korean government.

[nreal]

I think this is related to the "Nth chat room" case in Korea. It is reported that people involved in sexual abuse in Korea have used Monero for criminal acts. Therefore, Bithumb is considering canceling cryptocurrencies. Huobi has delisted this coin from the exchange.

[rexxarofmoknathal]

Monero get delisted once again because of low trading volume and anonymity functions on Houbi Korea exchange, why is this happening? Are people getting tired of privacy coin? Xmr is one of the top coins, what's your take about this?

https://cointelegraph.com/news/huobi-korea-delists-xmr-amid-nth-room-sexual-exploitation-case-rumors/amp

The fact, indeed is that as XML by the power of BitBay will de delisted due to its privacy concerns. As such, XML users have been advised to withdraw remaining XML by 20th May 2020 (source: https://www.coindesk.com/another-crypto-exchange-is-dropping-privacy-coin-monero-over-compliance-risk).

According to this source, the decision wasn't taken lightly but was necessary for BitBay to comply to their market standards, and this decision not only affected XML but zcash which has also been delisted. To read more on this, see link above.

[LbtalkL]

This is a bad news, Huobi  is a decent exchange but the good news is there are still a lot of exchanges that are keeping Monero in their site, especially Binance. Per record in https://coinmarketcap.com/currencies/monero/, this coin has over $100 million trading volume, I think that is good enough.

one exchange delisted monero but I do believe it will surive and maybe more exchange will operate and add monero in the future.

For me, this is still a great coin.

As far as I know Huobi Global still list Monero, Only Huobi Korea delist monero so far. Huobi has four branches if I am not mistaken its, Huobi Korea, Russia, Indonesia and Global. I guess Houbi Korea are being forced to comply with their government every country has their own regulation I hope it will not be worldwide.

[ballerin and giroud]

Regulation, I think that is fully about regulation of each country. Because I can't see the truth of the report that Monero was being used as criminal activity in Korea, there is no proof against it. Also, I have to admit that the government will take any decision when they have no access to know more what has done by its citizen. They must know what has done by their citizen and because they have to pay tax. Maybe if you have monero you will be free from tax.

[Ucy]

If I remember, it's also a Korean exchange that delisted Monero and now it's Korea again, so we can conclude that it's only the government of Korea and it's a policy that is hard on the features of Monero, they are still one of the top coins in the market and the support are still there, but we'll have to see in the coming months.

I don't know exactly how the cryptocurrency works but I think the developers could make it very safe while still preserving privacy/anonymity. The should try and make it hard for "evil" to take advantage of the coin privacy feature.. but must still retain the privacy or never take it away. Privacy is part of human right as far as I can tell.

[Esterklu]

I'm not sure there will be winners in this war. XMR still remains fairly common. One exchange will  delist it and the other will list. Privacy coins have been, are and will be. Just one thing is strange for me - that governments have not yet banned dollars, as they are also used by terrorists and other criminals.

[20kevin20]

Soon enough, Monero users will be considered "rebels" for chasing privacy. I'm wondering how Monero still lasts on many big exchanges - probably most of its users do not use it the right way.

I'm so tired of this "it's used by criminals" excuse to take it off a service or website. Let's be serious, everything that has value and/or is used as a currency is used in illegal activities. Take any very popular criminal activity that has been investigated in the past 20 years and you'll see that almost all of them have used gold or USD. How are they still not banned yet? Oh, wait... Gold is manipulated by the top-tier traders and USD has a printing machine.

[tomahawk9]

Delisting it because of its anonymous properties? Yeah, right. Because of low volume? What about the hundreds of shitcoins they have listed with much less volume?

It's pretty obvious that they did this simply because they don't want to see their company name being involved in the whole korean telegram scandal. They know that as soon as its gets brought up, some way or another, the exchanges listing it will get some backlash from the general public.

Surprised that one of the biggest exchanges in korea (Bithumb) still have XMR listed. It's not like the XMR daily volume is massive on their site.

Soon enough, Monero users will be considered "rebels" for chasing privacy. I'm wondering how Monero still lasts on many big exchanges - probably most of its users do not use it the right way.

Obviously not, but it's not like they care. Most people who use exchanges to convert XMR are most likely miners and hodlers, the rest use Monero as intended and they completely avoid exchanges.

[Lanatsa]

Monero get delisted once again because of low trading volume and anonymity functions on Houbi Korea exchange, why is this happening? Are people getting tired of privacy coin? Xmr is one of the top coins, what's your take about this?

https://cointelegraph.com/news/huobi-korea-delists-xmr-amid-nth-room-sexual-exploitation-case-rumors/amp

Nothing new specially in centralized exchangers that do heavily follow government rules and as part of it then its just not a surprising thing if they do delist out coins which would really oppose decentralization.
This isnt a new thing and some exchange already done it https://cointelegraph.com/news/bitbay-crypto-exchange-to-delist-monero-due-to-money-laundering-concerns
I wont be surprised if there are other exchange would delist XRM further more.

[CryptoCrawler_2017]

Monero as one of the best privacy coin is getting the war against again.
too bad SK is doing that for Monero, that market is huge enough to affect Monero value among all other exchanges.
Crypto isn't fair people, this is sad news.

[FireBallex]

Privacy coins like Monero among others are example of true decentralized freedom, it's left for users to choose what to use the coin for, either good or bad, just like how we use Fiat, haters like government gonna hate for sure

[mindrust]

Privacy is both the strength and the weakness of monero.

Because it is private, nobody can do chain analysis on monero and that's a good thing for you but it is bad for the governments. Governments can't track the money flow on monero but they control the centralized exchanges. Being low on volume is just an excuse. They don't like monero.

[Febo]

Huobi are idiots for delisting Monero but so what? And Monero not getting traded there just simply means Huobi users don't use Monero.

Monero's about privacy and people have many DEX alternatives to it, so I don't see what's the issue. No volume means no demand, so nobody is using it, no biggie.

You can still trade Monero on Huobi Global https://www.huobi.com/en-us/exchange/xmr_usdt/   You cant trade Monero on Huobi Korea. Unless you have Korean bank account you cant trade any coin there anyway.

[bL4nkcode]

Low volume? eh? Sounds like err, but maybe?

Expect more privacy coins will be delisted from a centralized exchange soon.

Using decentralized exchange is only the last resort.

[Tylev]

Monero get delisted once again because of low trading volume and anonymity functions on Houbi Korea exchange, why is this happening? Are people getting tired of privacy coin? Xmr is one of the top coins, what's your take about this?

https://cointelegraph.com/news/huobi-korea-delists-xmr-amid-nth-room-sexual-exploitation-case-rumors/amp

Coins with a high degree of anonymity, to which Monero primarily refers, many states treat with suspicion and distrust, and some even prohibit its circulation inside the country. As far as I know, Japan has already done this. Coins with a high degree of anonymity cannot be traced at all and therefore they are most often used for criminal purposes. However, monero is a very good coin with high functional qualities and it will always be in demand.

[suryapro]

if the xmr no longer has a good selling power, of course the owners of the exchange will provide a new place for coins that have more enthusiasts and good prospects in the future. it's all about business guys