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Monero and similar coins for privacy are ideal for the purchase of marijuana in Canada
The senior market analyst at eToro, Mati Greenspan, believes that due to the new guidelines issued by the Privacy Commissioner of Canada, Dash, Monero and other privacy coins will increase in use in the country.
This will almost certainly increase the use of private currencies, especially Dash and Monero in Canada. Https: //t.co/C7yf4VBJSx
– Mati Greenspan (@MatiGreenspan) December 19, 2018
The Privacy Commissioner of Canada he has published a "guidance document" explaining why he believes that Canadians use cash for the purchase of marijuana, even in legal and authorized dispensaries. The guidelines also advise Canadians to provide as little personal information as possible when making marijuana purchases. The paper also suggests that customers can buy money to remain anonymous, instead of credit cards and debit cards.
However, the criticism of Greenspan's hypothesis was that good old money is still anonymous and convenient. To this, Mati replied: "In fact, that's why I was cautious, I'm my tongue I feel some people will prefer coins to cash out. "
There were also other problems associated with the analysis. Currently in Ontario, only online government stores are allowed to sell Cannabis products. In April, licenses for private shops will begin to be granted with "strict controls" – it could include the registration ID to ensure that they are not sold to minors. This makes the encrypted adoption in stores near zero.
Although, Canada it was fairly open and supportive of cryptocurrencies in general. It is a home for many farms and encryption startups. Lawmakers even considered not reconfiguring their existing constitution to stifle and target virtual currencies. This has increased the adoption of criptos in the country.
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