Monero get delisted, again

[giammangiato]

it is a pity that monero is repeatedly delisted from the exchenge, sometimes I wonder if the news regarding the use of monero are actually true and confirmed! being a privacy coin it should at least guarantee anonymity, not only on the user but also on its use, I agree with those who say that it will become a coin only for drug dealers at this point.

[H1N1]

Well, it is very unfortunately for high value coin like monero to get delisted in several exchanges.
The one to blame is the people who using it for criminal, the monero coin itself is not a bad coin.
People sometimes need privacy to send money, it doesn't mean they are criminals.

[iTradeChips]

Based on what we are seeing, it seems that the government itself is the one that might be behind the delisting. The financial institutions of that country are wary of the threat of privacy crypto and they are pushing back so that they can prohibit any type of technology that basically cannot be controlled by their sector. It is not surprising for a country that is somewhat leaning on the left side of things. Centralization and government control is what they wanted and they don't want privacy coins.

[Script3d]

They are more coins out there that has more potential than monero in terms of price growth, which i can see why people dont buy it and also because of government pressure. Most people out there invest in crypto because of potential money to be made and not because of privacy stuff.

[Desscount]

They are more coins out there that has more potential than monero in terms of price growth, which i can see why people dont buy it and also because of government pressure. Most people out there invest in crypto because of potential money to be made and not because of privacy stuff.

Monero is still the top cryptocurrency, but their development has not had a huge impact, there is no more hype at Monero, just like other big coins like NXT, it's better to invest in projects that are always evolving and following trends

[Abiky]

Yeah but for how long... Sooner or later those exchanges will be given 2 options:

1- Do as we say and keep your business (or what's left of it)
2- Go to jail

In the end of this, xmr will be just like what btc was once. A low marketcap coin only the drug dealers use.

That's certainly true, mate. Centralized exchanges will have no other choice but to comply with government regulations in order to maintain their business. This could lead toward the de-listing of privacy coins as we know it. While this is inevitable, Monero can still be used "under the table" due to being "private by design". There are some decentralized exchanges trading XMR out there, in case everything goes down the drain. It's evident that a coin like Monero will gain negative reputation in the mainstream world, since it can be largely used for illicit activities. This alongside exchange de-listings could lower the price per XMR, lowering its market cap as well. As long as XMR remains actively developed and supported by the community, it won't be going anywhere. You can still trade XMR in decentralized exchanges, P2P trading platforms, or even in-person. There's no need to worry about centralized exchanges going "rogue" on XMR, since this is to be expected.

In the end, transparent cryptocurrencies like Bitcoin and Ethereum will remain largely relevant in the mainstream world as centralized exchanges dominate the crypto space. The minority will be trading and using Monero regardless of what happens in the long run. I wouldn't worry about XMR getting de-listed on most (if not all) centralized exchanges, since there is a workaround thanks to the decentralized nature of crypto. Governments will declare privacy coins like Monero and Zcash to be illegal, while traditional cryptocurrencies will be legitimized. In my book, Monero will be a one-of-a-kind cryptocurrency unbeatable by external forces in the mainstream world. Just my opinion

[AthenaBanana]

Maybe this is just policy of the exchange but no worries XMR is still one of the toughest privacy coins out there

[Mahanton]

Monero coins have been delisted from the list due to government policies and regulations due to the high number of criminal cases using monero transactions due to high privacy. This will have no impact even if monero is no longer traded on Houbi, XMR is still tradable on other major exchanges.

Yeah but for how long... Sooner or later those exchanges will be given 2 options:

1- Do as we say and keep your business (or what's left of it)
2- Go to jail

In the end of this, xmr will be just like what btc was once. A low marketcap coin only the drug dealers use.

Low marketcap? Its unlikely to happen and never ever underestimate or look down much on how these drug dealers you've been calling or similar people who do make use on illegal aspect
that could create huge volume even if they dont need to deal up with centralized exchangers.If this one gets gradually delisted then there are still some options left but to say that this would
really be hard until everything would really be closed or prohibited down for XMR but its just too early to presume things out but it isnt surprising that government is
trying to suppress all things that would really oppose centralization which isnt a shocking thing.

[shoreno]

i tried to visit the link provided on the opening post but i got a " 404 not found " error .  what happen ? is the case resolved and they decide to delete it for reputation matters because ln the link it " says sexual explotation  " and we know what that means .

policy of most exchange is to delete coins that is less to zero demand . that happened because the use of monero get affected due to  the issue it faced .