#Monero is close to releasing the regulatory white paper.
This effort has been months in the making, was funded partly by the community and @Tari (the NFT sidechain @fluffypony is building). Here’s why I think this white paper is a huge deal👇:
This effort has been months in the making, was funded partly by the community and @Tari (the NFT sidechain @fluffypony is building). Here’s why I think this white paper is a huge deal👇:
As most of people in the crypto sphere know, Monero is the privacy coin of choice.
It has the largest user-base and the highest number of transactions. Currently about 3-5% compared to bitcoin’s transactions.
Monero’s protocol boasts the unique ‘privacy by default’.
It has the largest user-base and the highest number of transactions. Currently about 3-5% compared to bitcoin’s transactions.
Monero’s protocol boasts the unique ‘privacy by default’.
Because of this "privacy by default", many people are worried about the regulatory compliance implications.
In the last year, some (mostly Asian) exchanges delisted Monero.
@brian_armstrong (CEO and founder of @coinbase) has recently stated in the podcast @WhatBitcoinDid..
In the last year, some (mostly Asian) exchanges delisted Monero.
@brian_armstrong (CEO and founder of @coinbase) has recently stated in the podcast @WhatBitcoinDid..
..when interviewed by @PeterMcCormack, he personally would like to list Monero, but for the moment is not, due to regulatory concerns.
Also on @Bitstamp and @Gemini, Monero shines in its absence.
Also on @Bitstamp and @Gemini, Monero shines in its absence.
A tier 1 law firm is making the argument from a legal standpoint, that Monero actually *IS* compliant with the current regulations, and created guidelines of how to ‘safely’ list Monero.
This is about to be released.
This is about to be released.
This is a huge deal, as it has been a large negative overhang on the markets, exerting pressure on the price of Monero.
A well construed argument with a thorough explanation of some key features that Monero has already available, would help exchanges to ‘safely’ list it.
A well construed argument with a thorough explanation of some key features that Monero has already available, would help exchanges to ‘safely’ list it.
Recently, it was stated in the #Tari telegram channel when someone asked about the status that they’re:
“Very close here - we hope to confirm the publication date this week. Whitepaper + short form version in Bloomberg Law and a Harvard journal"
“Very close here - we hope to confirm the publication date this week. Whitepaper + short form version in Bloomberg Law and a Harvard journal"
