Regulatory Pressures Push Monero Down
Monero prices are down by 1.6% this week to $138 per coin. This decline is more than twice as big as Bitcoin prices drop. The coin could be heading toward $125 amid regulatory pressures on crypto assets. Monero is focused on privacy and confidentiality, which is a major disadvantage in the eyes of officials. Many crypto exchanges have delisted Monero, while Huobi and Binance have disabled trading of privacy coins like Monero, ZCash and Dash in France, Italy, Spain and Poland. This disable is likely to be extended to other jurisdictions outside Europe amid increasing regulatory pressures, especially from the U.S. SEC. Middle East countries like United Arab Emirates have banned operations with privacy coins. There is no way how Monero and other privacy coin would avoid that ban to attract investors.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
