![]() While we are independent, the offers that appear on this site are from companies from which receives compensation. ![]() Other similar coins include Dash (DASH), Zcash (ZEC) and Verge (XVG).į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Monero is far from the only privacy coin that aims to offer security and anonymity to users. On the other hand, this also leads to fear that privacy coins will themselves be the subject of regulations, which is worth keeping in mind when thinking of buying XMR. The threat of new regulations and crackdowns on cryptocurrency from several governments around the world could potentially create increased demand for privacy coins like Monero among people looking to avoid tax and legal barriers. This public perception of the coin’s links with illicit activities could potentially hamper its widespread adoption. For example, whoever was behind 2017’s WannaCry crypto-ransomware worm is thought to have exchanged their Bitcoin for Monero, while reports have also nominated XMR as the currency of choice on the dark web black market. As a coin valued for its privacy and anonymity, Monero has been reportedly linked with criminal activities. With regards to XMR, here are a few things you should consider: Finder or the author may own cryptocurrency discussed on this page.Īs with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. Talk with a financial professional before making a decision. ![]() Potential regulations or policies can affect their availability and services provided. Digital assets are volatile and risky, and past performance is no guarantee of future results. All international money transfer servicesĭisclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. ![]()
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