Monero get delisted, again

[terrific]

Low volume? I don't think that's the main reason. Isn't it reported before with another korean exchange that they've delisted Monero?
I think that the Korean government is very firm with their acts towards Monero.

[JeotQ]

Monero is a very good altcoin and I'm one hundred percent into this coin since 2017 now, I think the project will have more haters in the future but if decentralized exchanges performs better in near future it will be a home for many privacy coins

[BitcoinTurk]

I really think it's quite an interesting situation. I also do not believe that the real reason is the low trading volume, to put it in my opinion. In contrast, such a decision was made, most likely due to state regulations. The government may not want this cryptocurrency to be traded as the Monero project provides confidentiality due to its nature, which is a very normal situation. Besides, this delist event had no effect on the price. The reason is clearly evident and everything continues smoothly in the Monero project. I hope these regulations are not realized by other states, and one of the leading projects of the crypto money markets will not be put to an end.

[mahibul49]

very interesting news and i think very important news to think about.monero is very good privacy coin and thats why govts are always opposite of this but crypto world need this coin and monero coin is very old and popular coin.

[Eplus_Team]

I think some exchanges are worried about that they cant track the funds and without tracking funds they cant monitor their costumers.

[nikki4]

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

Headlines has clear information that Monero gold delisted for another reason. We all like privacy coin, we know that how much privacy coin is Monero. Only for privacy Monero is better than Bitcoin. Although both transaction can be track down in few times. Monero isn't delisted for low trading volume.

[20kevin20]

~
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.

They do care imo. Looking back at that moment when Binance locked an user's account for using a mixer, I get a good idea that exchanges do have a problem with those willing to go off the grid. Especially because most people using XMR are miners and hodlers, they don't have a problem with having them on the exchange. But start noticing that most of your customers are using mixers/Tor and a little alarm triggers.

Just my opinion though. I never thought Monero would be a big success specifically due to its privacy-focused nature..

[Harlot]

This shouldn't be a surprise at all since bother South Korea and Japan have said their orders regarding anonimity based  cryptocurrencies or what they call privacy coins in which the authorities will have a hard time on tracking. Monero isn't the only one since even Zcash and Dash are also potential cryptocurrencies to be delisted in these countries. Even though both countries are recognized as one of the most crypto-friendly countries out there it doesn't stop them on having a tighter regulation when it comes to privacy cryptocurrencies especially when they have proven that these crypto are now being used in illicit activities more compared to Bitcoin.

[Finestream]

Just my opinion though. I never thought Monero would be a big success specifically due to its privacy-focused nature..

Everyone has their favorite coin, but personally why Monero is very successful is because there are still a lot of people who value privacy more, and usually they are the ones transacting huge some of money, and IMO they'll continue using it as long as this coin still exist and no way it will loss its volume.

[Retainly_Collie]

Koreans don't like anonymous cryptocurrency, because they can't control and manage it. So they banned it so that things could become simpler. As far as I know, other anonymous currencies are also banned in this country

[obanqueiro]

weird why huobi did it I don't understand
at least we will have it on other big exchanges

[Kelvinid]

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

This might possibly a trust issue about the exchanges and Monero's existence.
Yeah, Monero has its name in the market but it has something to put into a question about the credibility of this coin build to the community. If this is all about a privacy issue, then it is better to happen like this. It is a claim that the community shouldn't have to ignore otherwise, we all become a victim to this.

If we can see a low trading volume it is because nobody has to give their trust. It is the investor's well but I don't see it why Monero has been ignored by many, in fact, it is one of the known coins in the market. Probably there is a reason behind which is untold publicly.

[cryptonewbie]

I think this comes as a result of the crack down on privacy coins by certain governments in some Asian countries, notably Korea. I think when the ban is lifted we will see a steady increase in the volume and most exchanges will list it back.

[Abiky]

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 expected for Monero to get de-listed from a centralized exchange since it's a privacy coin after all. Most (if not all) of these exchanges require users to comply with KYC/AML laws. This means that ID verification is required to use any of their services. Since Monero is private by default, it's impossible for governments to be able to track & trace each person's transactions performed on-chain. Tax compliance, among others things will be hard to enforce in a chain that's private by default. I think that Huobi took the decision of de-listing Monero in order to avoid a crackdown from the Korean government. After all, they'd want to keep their business. While the above news are just rumor (sexual exploitation), anything that negatively involves crypto or Blockchain tech, are taken seriously by centralized entities. Any cryptocurrency serves as a double-edged sword which can be used for both good and bad things. The same happens with Fiat today.

At least, it's still possible to trade XMR on other centralized exchanges, and better yet, decentralized ones. One less exchange doesn't affect XMR price whatsoever. After all, the people are the ones who determine the value of each XMR. As long as there is a market for Monero, there's nothing to worry about. In the worst case scenario, one could simply trade XMR to Fiat or crypto in-person or through a decentralized exchange. Remember, what matters is the tech rather than it's price. Just my thoughts

[Convery]

I believe that in the future it will be more difficult to buy these anonymous cryptocurrencies legally. Classic cryptocurrencies with public blockchains are accepted by goverments because they are transparent and they can easily track those who don´t pay taxes. 

[cengat]

I think some exchanges are worried about that they cant track the funds and without tracking funds they cant monitor their costumers.

But nothing has really changed about xmr why do they delist it once in a while then?
It just doesn't make sense

[leatutz]

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

Monero is a privacy coin, we don't want to lost this coin. Monero get delisted from Korea not from huobi global. In coinmarketcap Monero gold has low volume in huobi Korea exchange. If you see several coin has low volume in his exchange. Monero won't be lost from top list, Monero has top privacy in the world where others coin has low privacy.

[shinratensei_]

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

lol what new place? As far as i know, if that was getting a lack of demand and monero will be delisted and there was no reason to keep it available to trade.  In this case, we are also talking about the possibility for the strict regulation makes more exchange sites will try to delist monero from there. We are talking about the possibility

[kizumin]

Could a decentralized exchange sovle the problem of Monero's anonymous? Since Monero keeps getting delisted because of centralized exchange have to follow govt's regulation.

[Python Master]

Did you read the article? The reason is on the article title, because of sexsual exploitation case rumors and Monero is used for payment, and it happen it Korea. If Huobi want to keep their operation in Korea they must delist Monero. It's not a big problem or big news.