[XMR] Monero - A secure, private, untraceable cryptocurrency

[wwzsocki]

What about all these rumors that privacy coins will be delisted from big exchanges? Was Monero or another known privacy coin affected, delisted?

Because of these rumors, Litecoin team started to rethink their strategy to implement a privacy solution to LTC.

Is this true or just FUD? If this is nothing more as a FUD, then whois behind it? Why only privacy coins are targeted?

I haven't heard anything about delistings of privacy coins from exchanges or even of plans to do so and that is why I ask you for a second opinion.

[bitpotter]

impossible to write so much about the project

It depends on how old and how good the project is.
Just take a look on how much discussion Bitcoin brings (and just ignore the spam). Why would Monero not bring ... less than 1/100 of that amount?
Maybe you'll read more and understand that it's a good coin and the discussion around it is far from an "impossible" amount.

Yes because here everything discussed is very important, not like other threads that only talk to each other without understanding their purpose and that is the main point.

[Mek]

What about all these rumors that privacy coins will be delisted from big exchanges? Was Monero or another known privacy coin affected, delisted?

Because of these rumors, Litecoin team started to rethink their strategy to implement a privacy solution to LTC.

Is this true or just FUD? If this is nothing more as a FUD, then whois behind it? Why only privacy coins are targeted?

I haven't heard anything about delistings of privacy coins from exchanges or even of plans to do so and that is why I ask you for a second opinion.

Simple. Any such rumor spread out means that price of the coin will drop. And the authors of the rumor buy it cheaper.

[NeuroticFish]

Yes because here everything discussed is very important, not like other threads that only talk to each other without understanding their purpose and that is the main point.

I appreciate your sarcasm, we all know that some amount of spam/useless posts do exist here too, like everywhere. Let's just keep that on low levels.

What about all these rumors that privacy coins will be delisted from big exchanges? Was Monero or another known privacy coin affected, delisted?

There were exchanges in Japan that delisted Monero (one year ago?) and now OKex Korea and Upbit (also Korea) seem to do the same.
But they had pretty low volumes for XMR and I expect the listing at Bitcoin.com will outweigh the Korean delisting by a couple of levels of magnitude.

[wwzsocki]

...There were exchanges in Japan that delisted Monero (one year ago?) and now OKex Korea and Upbit (also Korea) seem to do the same.
But they had pretty low volumes for XMR and I expect the listing at Bitcoin.com will outweigh the Korean delisting by a couple of levels of magnitude.

It is clear that to comply with the legislators' guidelines, as licensed exchanges, they had to comply with legal requirements or guidelines from legislators in the countries where they are registered and operate, in this case, Korea and Japan. It's hard to believe that this happened in Japan and Korea because I thought these countries were very cryptocurrencies friendly, especially Japan.

This is good that has only impacted XMR on a relatively small "regional" scale and still, interested traders from affected countries can buy Monero on other more decentralized and P2P exchanges  .

[hd49728]

It is clear that to comply with the legislators' guidelines, as licensed exchanges, they had to comply with legal requirements or guidelines from legislators in the countries where they are registered and operate, in this case, Korea and Japan. It's hard to believe that this happened in Japan and Korea because I thought these countries were very cryptocurrencies friendly, especially Japan.

This is good that has only impacted XMR on a relatively small "regional" scale and still, interested traders from affected countries can buy Monero on other more decentralized and P2P exchanges  .

You made a point that cryptocurrencies will survive and develop further over time. Of course, privacy coins like Monero will act in the same direction but there are different levels of developments and acceptance from authorities and locals. Basically, authorities always want to control as many things as possible so it is very normal and understandable to see them trying to control privacy coins.

Fortunately, I have a belief that people always want to be private as long as they don't have to self-set-up so many technical steps just to get privacy. That is not what they have to do with Monero. For things related to authority regulations, locally and globally, who knows but like I say I believe Monero is strong enough to survive over any type and level of regulations.

[Kriptobt1]

KuCoin, at the request of Monero, will update the XMR wallet address, November 11, 2019 at this time wallets will be temporarily unavailable

[Hueristic]

KuCoin, at the request of Monero, will update the XMR wallet address, November 11, 2019 at this time wallets will be temporarily unavailable

It was cool to see KuCoin llist monero while the korean exchanges are all pissing their pants over truly private coins (btw they are going to keep dash and zcash as they are not really private). Its good to see Hong Kong and china as a whole change its stance on Crypto, that will be a beacon for the rest of the asia pacific region that they will not be intimidated by wall street bankers.

[IlyaVak]

Altcoinlog about Monero



Overview of the Monero cryptocurrency, who is the creator of the company and why newcomers use the coin. Key features and comparison with major competitors. The possibility of mining and on which exchange to buy coins.

The press release is written in Russian.

https://altcoinlog.com/what-is-cryptocurrency-monero/

[dmwardjr]

KuCoin, at the request of Monero, will update the XMR wallet address, November 11, 2019 at this time wallets will be temporarily unavailable

It was cool to see KuCoin llist monero while the korean exchanges are all pissing their pants over truly private coins (btw they are going to keep dash and zcash as they are not really private). Its good to see Hong Kong and china as a whole change its stance on Crypto, that will be a beacon for the rest of the asia pacific region that they will not be intimidated by wall street bankers.

I have to disagree on the "China" comment.  China is only PRO-CENTRALIZED Blockchain and NOT PRO-DECENTRALIZED Crypto.  They are only PRO towards their own CENTRALIZED crypto (blockchain) coming out in 2020.  NOTE:  They NEVER said they are pro "bitcoin" or any other specific crypto currency.  They only indicated they are pro "blockchain."  They were only speaking HALF truth.

[Hueristic]

KuCoin, at the request of Monero, will update the XMR wallet address, November 11, 2019 at this time wallets will be temporarily unavailable

It was cool to see KuCoin llist monero while the korean exchanges are all pissing their pants over truly private coins (btw they are going to keep dash and zcash as they are not really private). Its good to see Hong Kong and china as a whole change its stance on Crypto, that will be a beacon for the rest of the asia pacific region that they will not be intimidated by wall street bankers.

I have to disagree on the "China" comment.  China is only PRO-CENTRALIZED Blockchain and NOT PRO-DECENTRALIZED Crypto.  They are only PRO towards their own CENTRALIZED crypto (blockchain) coming out in 2020.  NOTE:  They NEVER said they are pro "bitcoin" or any other specific crypto currency.  They only indicated they are pro "blockchain."  They were only speaking HALF truth.

Thanks for the clarification, obviously everything I have read is second hand translations.
So I am unable to verify the press releases myself.
I am assuming you natively read Chinese?

Listing on Indodax on November 14
https://coindar.org/en/event/monero-xmr-listing-on-indodax-24712

Just checked it out, is there KYC?

The article i read translated stated 0% maker fee but was old. Is that still true?

[rendravolt]

KuCoin, at the request of Monero, will update the XMR wallet address, November 11, 2019 at this time wallets will be temporarily unavailable

It was cool to see KuCoin llist monero while the korean exchanges are all pissing their pants over truly private coins (btw they are going to keep dash and zcash as they are not really private). Its good to see Hong Kong and china as a whole change its stance on Crypto, that will be a beacon for the rest of the asia pacific region that they will not be intimidated by wall street bankers.

As time goes on countries that prohibit crypto will eventually open their doors to reach out to all people.

[rollyourcoins]

anyone excited for the upcoming fork?
https://bitcite.com/news/monero-is-about-to-hit-a-major-cryptocurrency-milestone/

[elrippos friend]

Altcoinlog about Monero



Overview of the Monero cryptocurrency, who is the creator of the company and why newcomers use the coin. Key features and comparison with major competitors. The possibility of mining and on which exchange to buy coins.

The press release is written in Russian.

https://altcoinlog.com/what-is-cryptocurrency-monero/

The russians need it the most 

[Hueristic]

anyone excited for the upcoming fork?
https://bitcite.com/news/monero-is-about-to-hit-a-major-cryptocurrency-milestone/

Excellent article thanks for sharing.

[rollyourcoins]

anyone excited for the upcoming fork?
https://bitcite.com/news/monero-is-about-to-hit-a-major-cryptocurrency-milestone/

Excellent article thanks for sharing.

No problem! RandomX is solving a big issue, and many don't see that now. But that is because everyone is stuck on looking into short-term solution, rather than long-term.

[dEBRUYNE]

What about all these rumors that privacy coins will be delisted from big exchanges? Was Monero or another known privacy coin affected, delisted?

Because of these rumors, Litecoin team started to rethink their strategy to implement a privacy solution to LTC.

Is this true or just FUD? If this is nothing more as a FUD, then whois behind it? Why only privacy coins are targeted?

I haven't heard anything about delistings of privacy coins from exchanges or even of plans to do so and that is why I ask you for a second opinion.

See my comment below.


There is no Korea ban, see my comment below (especially bolded part). Additionally, Bithumb (a Korean exchange) as well as Huobi Korea still have Monero listed.

Pasting my reddit comment:


The FATF guidance does not even prevent privacy coins from being listed on an exchange, as long as the exchange enforces KYC/AML for the users. I ascribe the recent events to an overzealous and erroneous interpretation of the guidance by the compliance department of the exchange in question. It further should be noted that, for instance, Binance and Kraken still cater to Korean users. Additionally, see a relevant comment of mine below:


My response to the following article: OKEx Korea delisting all privacy coins, including Monero, Zcash and Dash, as these ‘violate’ FATF’s 'travel rule' - The Block

as these ‘violate’ FATF’s 'travel rule'

I don't think this is the case actually. As long as they enforce KYC/AML for each account, they should be able to tie deposits and withdrawals to a certain person. In addition, they can send this information to another service (which is essentially what the travel rule is about) in case a direct withdrawal (i.e. a withdrawal to another service) is made.

People should also bear in mind that FATF merely makes recommendations:

Importantly, FATF doesn't have *any* regulatory authority of its own. FATF makes recommendations, not laws.

Member countries can adopt all, some, or none of FATF's recommendations. There are basically no repercussions for not adopting (or for violating) FATF recommendations.

The U.S. based exchanges will most likely follow FinCEN's guidance

As you might expect, the United States doesn't really like having its regulatory policy dictated to it by other countries.

FinCEN (the US regulator in charge of AML/CFT regulation) certainly does consider FATF's recommendations, but rarely adopts them wholesale.

Which was positive for privacy coins:

People often like to purport that Monero will inevitably get banned. However, the new FinCEN guidance is basically inconsistent with that notion. From the CoinCenter article:

Section 4.5.3 states that exchanges are not per se banned from using privacy-preserving cryptocurrencies but will need to comply with the same BSA regulations they comply with for typical cryptocurrencies. We believe that this is possible. Exchanges need to know their customers but they do not have a black letter law requirement to know the customers of their customers. In other words, a bank needs to know who you are but they are not obligated to know the name and address of people that you pay using cash you withdraw from your account.

https://coincenter.org/entry/fincen-s-new-cryptocurrency-guidance-matches-coin-center-recommendations

The full twitter thread on FATF's guidance can be read here:

https://twitter.com/jchervinsky/status/1142578858589347840

EDIT: To add a few more things:

[1] Monero is private by default and optionally transparent. There are plenty of tools available in Monero that allow one to be compliant with an auditor.

https://monero.stackexchange.com/questions/tagged/auditing

[2] Tari Labs is working on an open source framework for listing Monero.

https://twitter.com/fluffypony/status/1172832896727638017

[3] CoinCenter confirmed in the MoneroKon regulatory panel that almost all exchanges are already mostly compliant with the FATF guidance (because they enforce KYC/AML for each user).

[4] Monero is listed on a lot of U.S. based regulated exchages, services, and OTC desks. I made an overview here:

https://np.reddit.com/r/xmrtrader/comments/c1zkfu/daily_discussion_tuesday_june_18th/ergqhzs/

[5] This only concerns *Korean* users of OKEx.


This subject was also extensively discussed in yesterday's Monero Coffee Chat. I highly recommend watching it:

https://www.youtube.com/watch?v=1y0YeTLbYE

[dEBRUYNE]

CLI v0.15.0.0 'Carbon Chamaeleon' released!

https://www.reddit.com/r/Monero/comments/dtt2j3/cli_v01500_carbon_chamaeleon_released/

[Millionero]

edit:
Updated llinux 64 bit cli to 15.0.0 and had a problem at first with the wallet, but it's working now.

[wwzsocki]

The FATF guidance does not even prevent privacy coins from being listed on an exchange, as long as the exchange enforces KYC/AML for the users. I ascribe the recent events to an overzealous and erroneous interpretation of the guidance by the compliance department of the exchange in question. It further should be noted that, for instance, Binance and Kraken still cater to Korean users. Additionally, see a relevant comment of mine below:

Thank you for pointing me to this informations.

If we sum all of these above in one sentence it would be this one quoted by me above and to make it even more simple it is enough that exchange has KYC/ALM requirement and that should be enough for Monero to be not delisted if this exchange is licensed or try to comply with FATF rules.

As for now, Monero was not delisted from any exchange if I understand correctly?