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Re: The effect the mixer ban has had on the forum.
by
JollyGood
on 10/02/2024, 10:20:38 UTC
Those exchanges are run by people (and organisations) that effectively have their own interests at heart therefore they re driven by what they see as beneficial to them and not to their customers. The US market is massive and Binance want to be part of it therefore to achieve regulated/official standard to be allowed to trade there without fear of fines and arrest, they would be happy to adhere to any requests or instructions from regulators.

I am unsure what the future holds for Monero and how it will navigate difficult times when more exchanges de-list it but as an example, the mixer ban in the forum probably had zero effect on mixers both in website visitor numbers and also the business turnover. The impact will be seen several months after Monero is de-listed.

As off-topic as it is, it is disappointing to read about the de-listing of any crypto that was being used by the community because of an actual function it provided (such as privacy) compared to many others that do not provide anything other than hype. Binance are doing what they are because of their owners wanting to remain on the right side of regulating bodies but the trade-off will affect many people. 
They're a CEX after all, of course Binance will want to stay in business, I don't think they're of interest if they keep on delaying or avoiding the regulations that's being imposed on them by the government, too bad that they do delisting of these privacy coins especially Monero but I do salute their stance about privacy and that they're never compromising, love that idea that there's still people in this world that will stand on principle and not worship money.