A recent tweet from the official Dash Twitter account drew criticism that the digital currency, which once announced its privacy features, is waning in the face of regulatory scrutiny Likely. P>
The Queen Telegraph reported that on January 1, the US-based Beatrix Exchange announced in a tweet that it will remove Monero, ZCash and Dash.
The removals come on the heels of a similar announcement on December 29 that Beatrix will remove the digital currency (XRP), following a lawsuit against Ripple from the Securities Commission. US Finance and Exchanges (SEC), leading to speculation that the exchange is proactively omitting privacy currencies in anticipation of a wider regulatory campaign.
In response, Dash announced in a tweet that it had contacted the Bitrix exchange to request a meeting, and that referring to Dash as a private currency is a misnomer.
But in 2017, archived screenshots from the Dash Foundation website announce Dash as the world's first privacy-focused cryptocurrency. Instead, the current Dash Foundation website says that Dash is the leading payment cryptocurrency.
In a recent tweet about the removal, Dash By CEO Ryan Taylor also downplayed the currency's privacy features.
While the apparent change sparked derision and criticism on Twitter, proponents indicated that Dash issued guidelines on cryptocurrency privacy features in August.
and in a blog on the official Dash website, Taylor writes that regulators are concerned that exchanges may be unable to comply with anti-money laundering / Know your customer regulations when dealing with currencies. With privacy features, because Dash is often found in coin listings with privacy improvements.
However, Taylor writes that Dash has been very successful in convincing exchanges and regulators that Dash is not a private coin, saying: Through an educational process, we have been effective in explaining Technology and regulators convincing that accepting Dash poses no additional risks compared to Bitcoin.
The clarifications about the main focus of Dash come after an announced upgrade for Dash moves into the testing network stage, an upgrade that includes Dash Pay and the social cryptocurrency payment portfolio.