[ad_2][ad_1] “Privacy coins” that add an extra layer of anonymity to crypto transactions are no longer welcome in South Korea. Coin brands like Monero, ZCash, and Dash will not be available in the country’s exchanges anytime soon, with the government making cites anti-money laundering (crypto AML) measures as the reason …
Read More »Dash advocates “inaccurate categorization” as ShapeShift removes privacy coins
[ad_2][ad_1] It should come as no surprise that regulators are starting to pay close attention to cryptocurrencies this year. For example, as the price of Bitcoin (BTC) continues to rise, regulators are expected to start acting directly, perhaps even banning Bitcoin entirely. While the ban may seem extreme, regulators have …
Read More »Bitcoin mining pool censors transactions making a strong case for privacy coins
[ad_2][ad_1] Blockseer starts a mining pool with a transaction filtering feature. The community believes this trend contradicts the idea behind cryptocurrency. Transparency pin makes privacy-focused coins more attractive. Cryptocurrency analytics platform Blockseer, a subsidiary of DMG Blockchain Solutions, has launched closed testing of a mining pool with a transaction filtering …
Read More »Dash opposes ShapeShift’s elimination of privacy coins
[ad_2][ad_1] Cryptocurrency exchange ShapeShift recently removed three privacy coins: Dash, Zcash (ZEC) and Monero (XMR). This was an unexpected move to say the least, given the exchange’s historic commitment to privacy. As a non-custodial platform, Shapeshift did not impose user identification requirements on traders in its early days, although this …
Read More »Multisig wallets can keep your coins safer (if you use them correctly)
[ad_2][ad_1] In traditional business, “key person risk” refers to when a company relies too much on one individual to be successful. Cryptocurrency companies are prone to a very literal version of this risk when managing funds. The most infamous example may be QuadrigaCX, whose customers have waited nearly 3 years …
Read More »South Korea prohibits cryptocurrency exchanges from managing coins for privacy
[ad_2][ad_1] South Korea is about to ban cryptocurrency exchanges from handling digital assets it considers “dark coins”. The Regulator Financial Services Commission (FSC) specifically targets privacy coins such as dash, monero, and zcash. South Korean platforms like Okex have been forced to remove several privacy coins ● The ban has …
Read More »South Korea’s financial watchdog will ban privacy coins from exchanges
[ad_2][ad_1] According to a November 3 announcement by the South Korean Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to manage digital assets that present a high risk of money laundering money. These updates were made as part of the guidelines …
Read More »JPM Coin’s debut marks the beginning of the blockchain value-driven adoption cycle
[ad_2][ad_1] In the wake of PayPal announcing its decision to enter the cryptocurrency industry early next year, Bitcoin (BTC) has continued its strong performance and has been hovering around $ 13,500 for nearly a week. In this regard, the payment giant’s foray into the cryptocurrency market has been hailed as …
Read More »These 5 Ethereum coins are accumulated by “whales”
[ad_2][ad_1] Ethereum and the best altcoins have experienced strong retracements from their summer highs. However, investors remain optimistic as they look to the longer term. Santiment reports that whales have invested heavily in Ethereum and some ETH-based altcoins. These are REN, Chainlink, Aelf (ELF), Kyber Network (KNC) and 0x (ZRX). …
Read More »The Chinese city launches the cryptocurrency lottery, gives away digital coins to promote its adoption
[ad_2][ad_1] The Chinese city of Shenzhen will become a test bed for a new sovereign cryptocurrency with residents issuing millions in the digital currency for free. As reported by the South China Morning Post, citizens were able to participate in a lottery to receive digital funds, of which coins worth …
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