Bitcoin Twitter Account Sparks Controversy by Commemorating Absence of Privacy

Bitcoin Twitter Account Sparks Controversy by Commemorating Absence of Privacy


Bitcoin (BTC) Account Celebrates Lack of Privacy

On September 6, one of the core Bitcoin (BTC) accounts on X (formerly Twitter) surprised its followers by celebrating Bitcoin’s lack of privacy. This came at a time when centralized exchanges were delisting privacy coins due to regulatory compliance concerns. The account responded to a post that predicted the outlawing and delisting of privacy coins, stating that Bitcoin (BTC) didn’t have to worry about it.

Interestingly, the owner of this Bitcoin (BTC) account has not yet responded to any comments or addressed the matter again.

Privacy Coins Delisted on Binance

Binance recently announced that it would be delisting Monero (XMR), MobileCoin (MOB), Firo (FIRO), and Horizen (ZEN) in Belgium by September 21. This comes after a series of previous delistings of privacy coins on Binance and other centralized exchanges. According to a supposed email from the Binance team, residents of Belgium will no longer be able to purchase or trade these privacy coins on the platform.

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This is not the first time that privacy coins have been removed from exchanges for regulatory compliance reasons. In August, the Bitcoin (BTC) community was questioned by privacy advocates when the Samourai Wallet announced a Monero-based feature to strengthen privacy.

Hot Take: The Bitcoin (BTC) Twitter Account Sparks Controversy with Lack of Privacy Celebration

The recent celebration of Bitcoin’s lack of privacy by a core Bitcoin (BTC) account on X has caused uproar between cryptocurrency enthusiasts. This comes at a time when privacy coins are facing delistings on centralized exchanges due to regulatory requirements. The incident raises questions about the importance of privacy in the digital currency space and the  capacity implications for Bitcoin’s reputation. As the debate continues, it remains to be seen how the cryptocurrency community will respond to this controversial statement and its impact on future of the privacy in the industry.

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