I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
Regulation really gives privacy coins a hard time in terms of adoption. The government are very wary of money laundering and often accuse cryptocurrency as the mean to launder money. Many exchanges delist privacy coins due to the fear of government action that may bring big problems to the exchange if they keep privacy coins in their listed cryptocurrency. This greatly affect the adoption and promulgation of the privacy coin.
Basically many people really like something that can maintain their privacy in any case. Including when someone makes financial transactions
if privacy can be maintained, they will feel more secure and comfortable. That's what finally created a crypto asset in the form of a privacy coin,
which is better able to disguise information, and that makes many crypto communities use privacy coins to carry out financial transactions.
So it's not surprising that some privacy coins are finally pumped up, because of the high demand for privacy coins. But many criminals abuse
privacy coins to make it difficult for the police. So the government finally tried to ban the use of privacy coins on several centralized exchanges,
which makes the demand for privacy coins decrease and finally now privacy coins are no longer profitable for investment. So the future of
privacy coins does not look good, and if anyone is planning to invest in coins privacy, think again, it will only cost us money.