Binance is delisting the Monero cryptocurrency - CryptoOne
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Binance is delisting the Monero cryptocurrency

What are the prospects for anonymous cryptocurrencies in general and Monero in particular after delisting? Can it be claimed that anonymous cryptocurrencies have no future?

The prospects for anonymous cryptocurrencies in general and Monero in particular remain mixed. On the one hand, delisting from major exchanges highlights growing pressure from regulators who fear that these cryptocurrencies can be used for money laundering and other illegal activities. This may negatively impact the liquidity and value of Monero and other such assets.

At the same time, there is a strong demand for anonymity in cryptocurrencies from certain groups of users. In view of tightening regulation and oversight in the financial system, this demand may even increase. Therefore, it is too soon to completely write off anonymous cryptocurrencies.

Monero in particular has a fairly strong community of developers and supporters who continue to improve and promote this asset. Thus, it too has certain prospects for the future, despite the growing pressure.

Overall, anonymous cryptocurrencies carry both serious risks due to regulation and growth potential due to the strong demand for anonymity. Their future will depend on whether they can strike a balance between these factors.