How do you see Monero and Dash as privacy coins , Are there concerns for safety ?

[Josemendez]

Recently , some countries have started banning Monero because of the fact that being a coin regarded as privacy coin , makes it possible for spammers to use it in carrying out fraudulent activities.

Are there concerns towards the use of privacy coins like monero and Dash in a country ?

 

[Ehizzy1]

I think those coins price might fall because most country sees that criminals are mostly using the coin to do bad things

 

[Niftyyem]

I really find it difficult to understand the concept of these privacy coins and the issues that may arise with them. Criminals would explore any opportunity available even if Monero is no longer on the available.

 

[zagzagi]

When Dash and Monero emerged, security and privacy were the focus of attention. However, the cryptocurrency exchange ShapeShift has exported the duo Monero (XMR) and Dash (DASH) from the platform. It was also noteworthy that the US government launched a program to monitor cryptocurrencies such as Monero and Dash, which can provide users with complete anonymity months before this announcement.

Monero (XMR) is known as a cryptocurrency that is mostly used for illegal business due to its anonymity. This bad reputation of XMR is deepening day by day with the announcement by Europol as the most used crypto currency in digital environments such as the Dark Web.

Economic decision-makers, especially governments, do not welcome privacy-oriented cryptocurrencies because these units can only be traded, as well as illegal payments or money laundering.

 

[Ralphjoe]

There should be nothing like privacy coin because any such kinds of cryptocurrencies can be used for many fraudulent and criminal offences in the platforms that other people are not aware of simply because it's a privacy coin. This is capable of spoiling the reputation of cryptocurrencies.

 

[Eodine]

Fraud has always been in existence both online and offline so saying private coins would facilitate more fraud would only cause more criticism but since we know that monero is a private coin it is necessary for users to protect themselves.

 

[Mawome]

Anything called private coin is ruled out completely, that is my decision I don't involve myself in secret deal so those who are currently buying the coin should go ahead and enjoy the dividends, it's a free world, but if you have made up your mind to go into secret coin or privacy coin please be careful

 

[BrolySSJ]

Recently , some countries have started banning Monero because of the fact that being a coin regarded as privacy coin , makes it possible for spammers to use it in carrying out fraudulent activities.

Are there concerns towards the use of privacy coins like monero and Dash in a country ?

There are concerns in the cases of the illegal activities that can happen with these coins such as fraud and so forth, however there are also a lot of people that actually prefer those types of coins because they are protected with their transactions as well.

 

[Trojan8]

I really don't see the need for a privacy coin especially in times like this when the crypto world is still gaining popularity. This is particularly true when you look at the fact that one of the biggest problems associated with coins in general is that it allows for more anonymous crime. While it won't make sense to put all those blame on coins, I see no reason to start pushing for a privacy coin like Monero.

 

[Lagazine]

Yeah.. Both dash and Moreno coins are better options. I know there is going to be another coin that will skyrocket but I don't know which one, among the numerous coins on market. But, all I know is that, Tron and Doge coin will soon be on the move.

 

[Prettybabe]

I don't understand the concept behind this privacy coins still because, normally, cryptocurrency has already given room for anonymousity..... So I don't get the need for another privacy inside anonymousity.

 

[Sake]

Whether it's true or not . I don't really care because I won't be affected in anyway.. i don't own any of these coin and never will.. i just don't see that they are worth to get. There's so much Cryptocurrency why go for Cryptocurrency with issues

 

[Nurudeen]

All coins can be used for fraudulent activities and it's just the this who are into the business should just be more concerned about who they are dealing with because crypto currency exchange Business is not that traceable like Fiat currency exchange Business

 

[FreshKaz11]

Recently , some countries have started banning Monero because of the fact that being a coin regarded as privacy coin , makes it possible for spammers to use it in carrying out fraudulent activities.

Are there concerns towards the use of privacy coins like monero and Dash in a country ?

Although they banned the use of any cryptocurrency in my country,of which I see no reason why it should be banned or in any way a problem to the society. But it's best know to them why they go too far by banning them tho.

 

[Nomad]

I have not tried monero or dash, therefore, I do not know how much concerned we should be for these privacy coins. But I think government needs to take concerns for these privacy coins.

 

[Dowenship]

Recently , some countries have started banning Monero because of the fact that being a coin regarded as privacy coin , makes it possible for spammers to use it in carrying out fraudulent activities.

Are there concerns towards the use of privacy coins like monero and Dash in a country ?

Till today despite a lot of books and research have done on this coin i still don't get the point of being privacy this coins are and how scammers can utilise it for fraud.

 

[Suba]

I think countries don't need to worry about using privacy coins, even if privacy coins like Monero, Dash, Zcash etc
it will be difficult to track both the recipient and the sender, but the privacy coin holder will exchange it for fiat money on the exchange so it will be immediately known who the owner is, if it is from a crime it will be easy to catch.

 

[jeff87]

Recently , some countries have started banning Monero because of the fact that being a coin regarded as privacy coin , makes it possible for spammers to use it in carrying out fraudulent activities.

Are there concerns towards the use of privacy coins like monero and Dash in a country ?

Thanks for sharing information about monero and dash as privacy coins. I will no longer use these coins then if scammers use this in carrying out fraudulent activities. If I will not use these two privacy coins, there are thousands more cryptocurrencies that I can choose from.

 

[Filicit]

Generally, there are speculations about crypto and a conspiracy that makes some government not agree with us but even a private coin allows for other activities other coins do so I don't see anything wrong with monero or dash

 

[Yusuf]

That kind of doubt should not be based on dash and monero only. So far as I know the crypto currency exchange Business in a whole should be based on this kind of doubt because the market is not regulated