Privacy Coins Beware

The powers in Japan wants to ban all trading of privacy coins. Monero, Zcash, Dash are just one of the few they want to stop as they are the most popular.

The authorities claimed that it's impossible to track transactions in the private blockchains compared to ones such as Bitcoin, Litecoin and others that have no Privacy option.

source

They may ban exchanges but there are ways to get around it. We are resourceful creatures after all and will find a way.

Japan has been very accepting of cryptocurrencies unlike other countries such as the US. Australia is getting on board with their announcement of classifying Cryptocurrencies as an asset that will be subjected to capital gains tax.

The big 4 banks weren't happy and tried to freeze accounts transacting with Cryptos. They can slow it down but there's no stopping the inevitable.

As for privacy coins, we may very well see bans globally due to their secretive nature. The government will need to see all things and also to get their piece of the pie. They always have to make money from their slaves, the people.

Mastercard is going blockchain

A report from Coin Telegraph states that Mastercard is accepting the blockchain but hates Bitcoin. They are pro Ripple though, which in my opinion, is not a crypto.

We may very well see other organizations go on board with the blockchain idea. But I will never use it. I guarantee that they will be so much more expensive to use compared to cryptos.

Bitcoin was created so we have no need for these middle men that take profit and make things expensive. Everyone needs to know why Bitcoin was created. Don't just join the community thinking to get rich, it helps though. But! It's much more than that.

Have a great day/night.

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