Anonymous currencies have attracted much attention in recent years. However, as exchanges in many countries have successively removed them from the shelves, people have begun to question: Is anonymous currency banned? Is it worth investing? This article will explore the current situation and prospects of anonymous currencies from multiple perspectives, revealing the risks and opportunities.

The rise of anonymous currencies stems from the desire for privacy. With the advent of the digital age, personal privacy has received increasing attention. The emergence of anonymous currencies such as Bitcoin and Monero has filled the gap in privacy protection of traditional currencies. However, it is this anonymity that makes anonymous currencies a safe haven for criminals. Many governments are worried that anonymous currencies will be used for illegal activities such as money laundering and smuggling. Therefore, strict regulatory policies have been introduced one after another, and some exchanges have chosen to remove anonymous currencies.

In the context of the ban on anonymous currencies, investors have doubts about their prospects. However, as a decentralized digital asset, the essential value of anonymous currencies has not disappeared. On the contrary, some investors believe that anonymous currencies still have huge room for appreciation in the future. The total amount of anonymous currencies such as Bitcoin is limited, and their decentralized nature gives them unique advantages in inflation control and asset preservation. Therefore, they still attract the attention of many investors.

However, the investment risks of anonymous currencies cannot be ignored. Its price fluctuates greatly and the risk of market bubbles is high. Some investors often ignore the risks of investment itself when chasing profits. In addition, the uncertainty of regulatory policies also brings challenges to anonymous currency investment. Once the policy is tightened, investors may find it difficult to cash out in time and face huge risks of loss.

For ordinary investors, how to correctly view anonymous currencies is worth pondering. The development of anonymous currencies cannot be separated from the reasonable guidance of supervision. Only compliant and legal investments can bring long-term and stable returns to investors. Therefore, when choosing anonymous currencies, investors should be cautious, fully understand their characteristics and risks, do a good job of risk control and asset allocation, avoid blindly following the trend, and fall into the quagmire of speculation.

In general, anonymous currencies, as an emerging digital asset, have both unique advantages and many risks. For investors, they should look at anonymous currencies rationally, grasp the general trend of their development, and be wary of the hidden risks. Only on the basis of rational investment can we truly enjoy the investment opportunities brought by anonymous currencies and achieve the goal of wealth appreciation. Let us pay attention to the development of anonymous currencies, explore the opportunities and challenges therein, and point the way for our own investment.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The Korean site of announced that it will remove all anonymous coins on October 10, including Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN)
and SBTC. In fact, this is not the first time that anonymous coins have been banned. As the anonymous coin market continues to grow, the sword of supervision has been hanging over anonymous coins. In May 2018, under pressure from the Japanese Financial Services Agency, the Japanese exchange Coinchek removed four anonymous coins. In May 2018, the main Korean trading platform Korbit has stopped trading five anonymous coins today.

In June of this year, FATF issued a cryptocurrency regulatory bill requiring exchanges to collect and transmit customer information during transactions. This information includes the name, account and address information of the initiator of the transaction, as well as the name and account information of the recipient. This is equivalent to hitting the vital point of anonymous coins. Once the G20 adopts the same FATF new regulations in its member countries, most exchanges in mainstream countries may remove anonymous coins.

It can be foreseen that there will be more and more anonymous coins being removed from the shelves in the future.

1. What impact will the ban on anonymous coins have on holders?

Everyone cares about national signals such as policies, especially Chinese investors. After being hyped by the media and analysts, it is very easy to cause market panic and then start to short anonymous coins. At this time, we need rational analysis, especially investors holding anonymous coins, because the market atmosphere is often wrong.

1. Historically, being banned may be good for the price of coins

At the G20 meeting in Japan in June, international cryptocurrency anti-money laundering (AML) regulations were discussed, and then the cryptocurrency guidelines formulated by the Financial Action Task Force (FATF), a global money laundering regulator, were officially supported.

In fact, before this, the news that the G20 would crack down on cryptocurrency money laundering came out. For Bitcoin and Ethereum, the attitude may be unclear, but for anonymous coins, this is aimed at it, which is a major negative for anonymous coins.

Then the strange thing is that the anonymous coin market collectively rose in June, surpassing the currencies in other sectors. Grin and Beam rose several times, and the performance of old anonymous coins XMR and DASH was not bad.

In my opinion, the more regulation, the more scarce it is. Moreover, there are many real market demands for anonymous coins. These suppression policies may actually accelerate the application of anonymous coins.

2. The implementation of the new regulations is difficult to be fully implemented, and the crackdown on anonymous coins is limited

The removal of anonymous coins directly blocks the source of transactions, which will undoubtedly hit the development of anonymous coins. The question is how large the scope of the crackdown can be.

Different countries and regions have different policies on anti-money laundering. This is not why FATF member countries should implement the new FATF regulations. It is impossible to reach a consensus and implement it globally. Historically, countries have never worked together in an all-round way.

For exchanges in FATF member countries, they can migrate to other countries. After all, no one wants to miss the anonymous coin market. A large amount of transaction fees are provided every day, and once anonymous coins are removed from the shelves, a large number of users will be lost.

As long as it is profitable, the suppression effect on anonymous coins will always be limited.

3. There is the last safe haven - decentralized exchanges

Assuming that all countries work together to suppress anonymous coins and let all centralized exchanges remove anonymous coins, anonymous coins will still not die, and will be fully transferred to decentralized exchanges and over-the-counter transactions. This may instead promote the development of decentralized exchanges, making supervision even more difficult to start, and anonymous coins will be completely free and not subject to any institution.

In a word: all suppression of anonymous coins will be counterproductive and may even cause them to be reborn from the ashes.

2. The black and white of anonymous coins

Many people think that Bitcoin is also anonymous, but it is not. When you trade Bitcoin, your transaction amount and time, fund flow information, sender, and receiver can all be viewed clearly on the blockchain browser. Once the address is linked to the real identity, it will be exposed.

Anonymous coins hide the transaction amount, sender and receiver information during the transaction process, similar to cash transactions, and no one can know how you spend the cash.

It is precisely because of this feature that anonymous coins are easily used for illegal activities.

1. The ghost in the gray area

In August 2016, the dark web announced that it would accept Monero as a means of payment. The dark web is a type of encrypted website, which is the other side of the Internet. It is full of illegal activities, so the demand for confidentiality is very high. The emergence of anonymous coins meets this kind of confidentiality needs.

For example, in 2018, 240 million hotel room booking records of Huazhu Hotel Group were leaked. Its documents were sold on the dark web, and Bitcoin and Monero were used as payment methods.

In addition to the dark web, anonymous coins are also used for money laundering, drug trafficking, and terrorist activities.

2. Anonymous coins do not mean crime

In extremely turbulent countries such as Venezuela, the definition of the black market has exceeded the scope of normal cognition. The black market in Venezuela is a place where people get the necessities of survival. The anonymity and convenience of anonymous coins are the rigid needs of many grassroots people and the hope to fight against the country's garbage legal currency system.

Of course, it is undeniable that a large part of the anonymous currency market is in illegal areas such as the dark web, but the technology itself is innocent. Criminals can use it to cover up their crimes, and the public can use it to protect their rights and interests. Governments and companies can also use privacy technology to protect data security.

Finally, I would like to quote a passage from Zhao Changpeng: "I have seen many rules being formulated. These rules seem to be against cryptocurrencies, and their makers do not understand cryptocurrencies at all, so they do not consider their side effects. All of this will actually only accelerate the application of cryptocurrencies. A better way to "fight" cryptocurrencies is to make legal currencies more useful, less restrictive, and more free. But unfortunately, it seems to be moving only in the opposite direction."