The Currency Analytics
By Dan Saada
Ryan Taylor recently stated that Dash went through a pretty rigorous process of developing a set of legal arguments and then presenting those to the SEC.
Dash tweeted: Dash Core Group CEO Ryan Taylor was recently asked by @beincrypto: Why should #Dash be treated the same as #Bitcoin from a regulatory standpoint in terms of SEC…
Ryan Tylor further stated, So, I think it is very clear at this point that Dash is not a security. We never held an ICO. There is no centralized issues.
He further spoke that on the issue of privacy, there has been a lot of noise about the FATF Travel Rule and other things that are getting implemented and whether or not so called…
What we utilize in our PrivateSend function is CoinJoin, which is a technique for complicating transactions to the point that they are more difficult for analytics firms to…
And in fact, we conducted PrivateSend Transactions exact duplicates of them on Bitcoins blockchain just to show that there is no functional difference.
What Dash has done is standardized those CoinJoin transactions. We have made them easier and cheaper to implement for the user.
We engage with them regularly with regulators across the globe, same with exchanges. So, it’s an education process to show them that there are no legally definable differences…
It is also interesting to see that Ryan also points out how Bitcoin has off-chain transactions via Lightning Network which is something that Dash doesn't support as Dash plans to…
Sydney Ifergan, the crypto expert tweeted: “It just looks like post-recession all cryptos like Cardano, Dash, Ethereum, and TRON are all in a race!”