Cryptocurrency Q&A
Is Monero banned?
Is Monero banned?
BonsaiStrength
Fri Aug 16 2024
|
7 answers
1515
Excuse me, could you please clarify something for me? I've heard conflicting information regarding the status of Monero. Is Monero banned globally, or is it only banned in certain regions or countries? If it is banned in some places, could you tell me which ones specifically? I'm quite interested in this topic and would appreciate any insight you can provide. Thank you in advance.
7 answers
AzureWave
Sun Aug 18 2024
Another notable exchange, OKX, has also taken a stance against privacy-focused assets. Since January of this year, Monero has been fully delisted from OKX's trading platform, marking a clear shift in the exchange's approach to such digital assets.
Was this helpful?
371
85
Rosalia
Sun Aug 18 2024
The cryptocurrency market continues to experience significant shifts in its landscape, with exchanges making strategic decisions to adjust their offerings. In recent times, exchanges beyond Binance and Kraken have taken actions that reflect the evolving regulatory environment.
Was this helpful?
313
58
Martina
Sun Aug 18 2024
The delistings by Huobi and OKX are indicative of a broader trend within the cryptocurrency industry, where exchanges are increasingly prioritizing compliance over the listing of potentially controversial or unregulated digital assets.
Was this helpful?
206
40
Eleonora
Sun Aug 18 2024
One such exchange is Huobi, which announced the delisting of Monero, a popular privacy-focused digital asset, on September 19, 2022. This move signifies Huobi's commitment to adhering to global regulatory guidelines and ensuring compliance within its platform.
Was this helpful?
313
86
Giulia
Sun Aug 18 2024
Amidst this regulatory scrutiny, top exchanges like BTCC continue to offer a range of services that cater to diverse investor needs. BTCC, a reputable cryptocurrency exchange, provides a comprehensive suite of offerings, including spot trading, futures contracts, and secure wallet solutions.
Was this helpful?
60
38
Load 5 more related questions
