Hello Project Hope friends, these days are being exciting in the cryptocurrency area, we have seen a recent rise in BTC with a lot of strength, which has brought good energy to other cryptos that have also risen, although steem is still a bit low still, I expect to see the fripto of this platform at least at $0.5 soon.
Cryptoassets are getting more and more adoption as Blackrock continues to buy BTC, additionally it is seen that Ripple is also being very much named compnproject major as far as financial movements and tokenization is concerned, however, recently there was one coin, very important, that we could say that "suffered a blow ", and this is Monero.
For those who do not know it, this is a currency that is classified as a security currency, since its technology makes it quite difficult to follow its movements, which is why it is used by people to maintain a greater degree of autonomy and privacy, which also allows it to be used by people to launder capital, unfortunately.
The blow I am talking about is that this currency, Monero, had been listed for years in the main centralized exchange in the world, Binance, and recently this company decided to remove it from its platform, so it can no longer be traded there, this had a negative impact on the previous one, since it went backwards.
But it has already been recovering, I think this move of Binance is to be able to enter in more spaces, in more countries, and avoid problems with the regulations of different countries, since being a privacy currency it can be used for illegal activities, which could have effects on your company.
To answer the question of whether monero is bad or good, it will clearly depend on the approach from which it is seen. If we analyze that the purpose of monero is to maintain the anonymity of whoever owns it, then being outside Binance is a point in favor, because being in this exchange mandatory KYC, it means that the basis of Monero was lost being there. And even if it loses a good margin of movement by not being in Binance, I think that monero is still a strong project.
Let's wait to see what else happens in this aspect, however, it is good to know that this currency can also be purchased elsewhere. And that as long as there are other options, everything will continue to flow. Thanks for reading, happy weekend.
Greetings @josevas217, thanks for sharing this interesting information about monero, those who have monero holdings on binance should look for other alternatives to keep their tokens, see you later, have a great weekend.
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