At the end of 2020 and the beginning of 2021, crypto exchanges crackdown on privacy coins. This resulted in Monero, Zcash, Dash, and others being de-listed from these platforms. Regulators from around the world exerted pressure on these entities to “reduce the risk” and “protect” consumers from the alleged dangers of these cryptocurrencies.
This is the usual argument wield by institutions and government agencies, protection, order, crime-fighting. Users’ access to tools that protect their identity and financial information has been limited. Regulators purposely omit that privacy is a fundamental human right.
Despite their protecting measures, governments and private companies use their citizens’ and consumers’ data for their interest, surveillance, or profit and rarely give them a choice. People are aware of this issue. Thus, the demand for privacy has led to the rise of encrypted messaging apps such as Signals and privacy coins continue to thrive.
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