How are you all? Hope everyone is doing well, today we will know why privacy coins are being banned or regulated in different countries of the world, So first let's find out what is privacy coin? Privacy coins are coins that help keep their transaction information private, such as the amount of money sent and all transaction information is kept private during the transaction, and this means protecting the privacy of their users and making it difficult to track their transaction history, Let's learn about some popular privacy coins such as Monero, Zcash, and Dash,

This can basically be said to be a good thing, but some unscrupulous people use this good thing for bad purposes, such as money laundering, tax evasion, drug trafficking, hacking ransoms, and black market transactions, etc. Criminals can easily operate it, which is exactly why different countries around the world are being forced to ban it.

Image collect Pixabay

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For example:
South Korea: Monero (XMR) and other privacy coins are banned in this country, because the government wants to track their transactions, but privacy coins protect their privacy,
Japan: Several privacy coins have also been banned in this country for exchange transactions,
China: Privacy Coins have also been banned or restricted in China at times,

We all know that when it comes to the validity of exchanges in which country, of course, You have to follow the laws and regulations of the country,

Image collect Pixabay

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Otherwise, they are banned in those countries, so I think that in the future, if such privacy coins are to follow the rules and regulations of the country, they must be delisted,
So you should refrain from holding these coins,
Because they are more likely to perform worse in the future,
I hope everyone understands, I am ending here today, everyone be well,