Coincheck delists Monero, Dash, and Zcash

The Japanese exchange Coincheck has de-listed Monero, Dash, and Zcash because they offer “anonymous” features in their coins. Of the three only Monero is truly anonymous but the threat of hackers breaking the system and stealing coins that cannot be traced was enough for the large Japanese exchange to de-list the three coins. This is solid proof of what I was talking about in an earlier article that “privacy” coins such as Monero and Verge would have severe roadblocks in the future when it comes to regulations and de-listings on exchanges because they pose a large risk to the financial stability of the exchanges and because they will run into government regulations. Exchanges will have an incentive to de-list them because if these currencies get stolen, there is truly no way to track down the thieves. Governments will pressure exchanges to de-list these coins because they are like every other coins except their “black” features allow them to be used for things like tax evasion and money laundering.
If you are someone who is totally into completely anonymous trading and want to see the rise of a new financial order, then it may make sense for you to get these coins based on principle but to an investor who is just looking to make some money in Cryptocurrency, these coins represent an unnecessary risk without any greater rewards(unless you really want to money launder or tax evade) so I would look to investing in other Cryptos where the rewards are just as great but do not run this risk.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s