Most exchanges currently support hundreds if not thousands of crypto currencies listed for their customers to trade between. However most always center around BTC, LTC and ETH as being the prime sources of trades other then FIAT.
However as regulations seem like they will be a big part this year for crypto land it seems like decentralized currencies which are impossible or nearly impossible to track might be getting the boot.
š« Japan is the first of perhaps many which are asking and soon forcing exchanges to remove crypto currencies such as Monero, Zcash and Dash which operate under the consensuses that your transactions are anonymous. As the report shows the push is to eliminate all crypto currencies which support anonymous transactions.
- Please note there has been no formal of address of this as of yet however viewing what some exchanges based out of Japan have done in the last few days and weeks provides evidence this will be passing possibly soon.
Could we be seeing more of this come into play from other governments as cryptocurrencies get regulated and adopted for mass use?
I believe so but it does not have to be a bad thing. It just goes to show why Bitcoin and a number of other top cryptos are here to stay such as Ethereum and Litecoin.
As we move towards more regulations this will also narrow the gap of ICOs and other crytos focusing core money into just a few coins such as bitcoin, Ethereum and Litecoin further increasing their value to new highs we have yet to even come close to.
For myself I currently look at this as a required step in order to get to mass adoption. There has to be a trade off at some point where we acquire full adoption of cryptocurrency and fully anonymous transactions have no place there unfortunately.
