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Privacy coins of the Future?

Discussion in 'Cryptocurrency' started by Striction, Jun 14, 2019.

  1. Striction

    Striction Registered Partner

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    Cryptocurrency exchanges are going to face regulatory hurdles in the distant future.

    The exchanges will have to report all crypto transactions above $1,000 in which the FATF will decide on June 21 2019. This will help combat money fraud and finance for terrorist armies.

    This rule applies to businesses working with digital assets such as exchanges, custodians and crypto hedge funds.

    Q: With that being said do you think privacy coins such as Monero (XMR), Apollo (APL) Zcash (ZEC) will be the future?
  2. Josheb Fredy

    Josheb Fredy Registered

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    I think this is not bad because this will eventually make the industry grow. As due to these issues, it has got limited to some countries only, so if every country gets on-board, it is kind of stuff that is certain to benefit us and will allow us to get the results. The future is without any doubt for Cryptos Industry, so having a proper regulation over things can only reduce unnecessary and unwanted scenario for everyone to gain through.

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