Altcoins News
By Steven Anderson
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Monero (XMR) and High Level of Anonymity
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The European Data Protection Board wants to ensure that the anti-money laundering measures are compatible with the rights to privacy and data protection as enshrined in Articles…
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The EDPB has therefore required the European Commission to be associated with the drafting process of any kind of anti-money laundering legislation in its early stages.
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Thus, going forward, the EDPB will be ready to be involved to be consulted in a timely manner by European or international regulatory bodies or standard setters like the…
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The statement by the EDPB looks like they have something in place to stop the ever increasing AML addiction of governments and FATF.
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The principles of necessity of such measures in a democratic society and their proportionality is good for the sustenance of privacy coins like Monero (XMR)
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Reportedly, Monero exceeded its previous all-time high numbers of monthly transactions by 12,840 transactions with 4 days remaining.
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This just is a proof that more of the users are willing to transact anonymously and therefore they are using privacy preserving Monero.
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The core power of Monero is privacy and this is the major reason for why they reacted to the FINCEN cryptocurrency regulations.
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Previously, Justin Ehrenhofer gave a webinar in which he spoke about designing a compliance program for privacy preserving cryptocurrencies.
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The compliance program from ComplyFirst provides comprehensive resources which can be used by exchanges and other entities to support privacy enhancing coins and technologies in…
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In response to the cryptocurrency regulations Bittrex announced that they are delisting privacy coins like Monero, ZCash and Dash.
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However, Darknet Giant White House market dropped Bitcoin and supports Monero only payments.
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The delisting of Monero led its price to plunge. In terms of price, it is not really performing well.
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