A few years ago, a Coin Bureau video anticipated that privacy coins could be delisted from exchanges at the behest of governments, precisely due to their nature as PRIVACY COINS, i.e. those cryptocurrencies that provide transaction and address anonymity.
Well... from January 2024, the OK exchange will remove several trading pairs and deposits related to privacy coins such as Zcash, Dash and Monero as they no longer meet the listing criteria of the Cex which in turn must adapt to the directives of the supervisory bodies .
The consequence, however brutal, is limited for now, Monero lost approximately -6,68%, Dash 10,51%, Zcash -10.9%.
OKX has not given precise information on the motivation for the choice but it is presumable that it derives from regulatory pressure on privacy coins which have been in the sights of the regulatory authorities for many years.
As anticipated, among the reasons there is the anonymity of transactions, the wallet balances unlike public blockchains.
On the plus side, privacy coins protect users from surveillance and are therefore a symbol of freedom in the economic sector, but on the other hand they can attract malicious actors, for money laundering or terrorist financing or other crimes.
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