What happens when Monero (XMR) is listed on a DEX?

in monero •  2 years ago 

What happens when Monero (XMR) eventually gets listed on a decentralised exchange such as THORSwap?

As a privacy-focused cryptocurrency, Monero (XMR) has faced increased scrutiny from regulators in some jurisdictions.

Some regulators have expressed concerns that privacy coins like Monero could be used for illicit activities, such as money laundering or funding illegal activities.

However, if Monero were to be listed on a decentralised exchange that offers native swaps, it could become more difficult for regulators to track and regulate the cryptocurrency.

A real game changer for not only Monero, but for the entire monetary system.

One DEX option to list Monero (XMR) is THORSwap.

A Monero (XMR) listing on THORSwap would be a game changer

Native swaps are a type of decentralised exchange transaction that allows users to trade one cryptocurrency directly for another, without the need for an intermediary token.

This can make it more difficult for regulators to track the flow of funds between different cryptocurrencies.

If Monero were to be listed on a DEX that offers native swaps, it could potentially become more difficult for regulators to enforce anti-money laundering (AML) and know-your-customer (KYC) regulations on transactions involving Monero.

This could make it more challenging for regulators to prevent illicit activities involving Monero, as it would be harder to track transactions and identify the parties involved.

However, it's worth noting that not all decentralised exchanges offer native swaps, and even if Monero were to be listed on a DEX that offers this feature, it may still be subject to regulatory oversight in some jurisdictions.

Some countries have taken a more lenient approach to privacy-focused cryptocurrencies, while others have taken a more restrictive stance.

Overall, if Monero were to be listed on a decentralised exchange that offers native swaps, it could potentially make it more challenging for regulators to track and regulate the cryptocurrency.

However, the regulatory landscape for cryptocurrencies is constantly evolving, and it's difficult to predict how regulators will respond to the growth of privacy-focused cryptocurrencies like Monero in the future.

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