Dash objects to ShapeShift culling of privacy coins
“Dash is technically no more a ‘privacy coin’ than Bitcoin,” according to Perkins Coie. So why did Shapeshift delist it? Cryptocurrency exchange ShapeShift recently delisted three privacy coins: Dash, Zcash (ZEC) and Monero (XMR). This was an unexpected move to say the least, given the exchange’s historic commitment to privacy.As a noncustodial platform, Shapeshift did not impose user identification requirements on traders in its early days, although this began to change with the gradual introduction of a mandatory membership model, compliant with Know Your Customer rules, as of 2018.Why....
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The delisting of Dash and Zcash has some wondering about the future of privacy coins on major exchanges. It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely. While the ban may sound extreme, regulators have recently honed in on the use of privacy coins like Monero (XMR), Zcash (ZEC) and Dash. For example, in September this year, the United States Internal....
Shake provides support for Dash, Gatecoin draws “first blood,” and ShapeShift will bring altcoins to debit cards. Want to catch up on your latest altcoin news? Read the stories below. SHAKE, RATTLE & DASH: DEBIT CARDS ON THE WAY. Bitcoin debit card provider Shake is adding Dash support to its platform, allowing customers to use Dash to purchase goods and services. Dash is labelled as the world’s seventh strongest digital currency. VP of business development at Dash Daniel Diaz expressed enthusiasm over the move, stating: “This is a very exciting financial option for the Dash community.....
Jaxx will now officially support DASH as one of their 4 cryptocurrency assets in one wallet. Meanwhile, the price of Dash has tested new heights of over $14 USD on the news. Jaxx Wallet Now Supports DASH. Following a series of announcements about an upcoming integration of DASH on Jaxx.io, the wallet has finally released its new version where users can....
Wall of Coins has integrated support for privately buying Dash over-the-counter for cash, as well as for Africa-based MobileMoney, as Dash surges to all-time highs. A platform for streamlined fiat-to-crypto buying, Wall of Coins allows users to make an anonymous cash deposit to buy cryptocurrency, which is then released from escrow to the buyer. This provides a peer-to-peer experience similar to what LocalBitcoins offers, only with a more streamlined experience to significantly cut down on time spent buying. According to Robert Genito, CEO of Genitrust, which operates Wall of Coins,....
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy coins of facilitating money laundering activities. ● It says that transactions involving privacy-oriented coins like monero (XMR) or zcash (ZEC) are hard to trace for law enforcement agencies, including the Commission itself.....