Good post.
It seems this time it will be all about institutional money, and institutional money only wants bitcoin, maybe ETH, and a few others. Monero? Might be too shady.
With Info on this one. Pseudonymity is a pill regulated markets will swallow. True anonymity, in contrast, will be spat up.
People often like to purport that Monero will inevitably get banned. However, the new FinCEN guidance is basically inconsistent with that notion. From the CoinCenter article:
Section 4.5.3 states that exchanges are not per se banned from using privacy-preserving cryptocurrencies but will need to comply with the same BSA regulations they comply with for typical cryptocurrencies. We believe that this is possible. Exchanges need to know their customers but they do not have a black letter law requirement to know the customers of their customers. In other words, a bank needs to know who you are but they are not obligated to know the name and address of people that you pay using cash you withdraw from your account.
https://coincenter.org/entry/fincen-s-new-cryptocurrency-guidance-matches-coin-center-recommendationsArguably, this is long-term bullish for Monero.