According to the latest rumor, some Asian darknet overlords are responsible.
They have billions in non-fungible digital money, and they are moving it into Monero because the Alphabet boys came down on them.
Haowang Guarantee was larger than the Silk Road, larger than Hydra, just the “largest illicit online marketplace to have ever operated”, with $27 Billion of transactions since launching in 2021.
Privacy coins are never getting back on the good side of regulators, never.
That theory is indeed very dubious.
The USA is stopping all regulators
Wdym? They can’t stop other countries from banning it
Yeah, most probably. It’s crazy, though: they’re now saying that: privacy-by-default = bad, no-privacy = good. That’s the EU for you?
The EU has gone crazy. They are impotent, and less and less relevant on the world stage.
Nevertheless they just want to centralize everything and control everything. I would for sure start looking for a plan B if I were there.
I think they will be the first to have both digital ID and CBDC. Combine that with limited cash tolerance and they can start sanctioning their own citizens for wrongthink and herding them back in line.
Or possibly Israel will be? Or China. Paying/Having cash may become illegal eventually.