Monero Not Spared, Drops 11% Despite Plans For This Gamechanging Privacy Feature

Quick Summary:

Several exchanges, including Binance, chose to delist Monero and other privacy coins, citing the need to adhere to laid-out laws, mainly in the United States.

Boosting Privacy Features On Monero Through FCMP++ Despite the recent sell-off, the Monero community remains upbeat.

Therefore, third parties, including analytics platforms like Chainalysis, would find it hard to trace XMR transactions, translating to a higher level of confidentiality for users who treasure privacy.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenyaUnited States

Topics: FCMP++ Monero XMR Monero privacy Monero price Xmrusdt Trezor Monero

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 23:30:40 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22294376

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 3 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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