Privacy Coins Must Change to Survive as Delistings Loom

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Privacy coins are facing a threat over the latest regulatory requirements for transparency. Relatively well-accepted assets like Dash (DASH), Monero (XMR), and ZCash (ZEC) will have to comply with almost impossible demands, reported Bloomberg. Anonymity Gets Discouraged Coins that allow the obscuring of transactions and offer wallets with anonymity features may be the next target of regulators. For DASH, XMR, and ZEC, this may be especially damaging, as the three assets are just picking up with new roles within the crypto space. Skepticism about the coins follows a larger trend of discouraging anonymous uses and coin mixing. DASH, for instance, already trades on Coinbase Pro, though without the anonymous features. In general, traders that send anonymous coins to exchanges have to de-anonymize them so that they can be added to the balance of their account. But the origin of the coins before the deposit is impossible to track. In the…

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