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In a way having Monero is like having large piles of cash. As long as you can prove they came from legitimate sources and that all taxes on them were paid, you have nothing to worry about.

You also need to be careful not to deny in an official way that you own Monero if that is the case.



No, there is another risk here. At some point Monero could be dropped by exchanges due to regulatory pressures or even perceived exposure, since every transaction involving it is untraceable they could find it impossible to implement future tracking and reporting requirements. This sort of thing is not unprecedented, just look at Poloniex (which never dealt in actual dollars, only Tethers) who finally gave up and banned all US custmers. This, of course, would devalue the currency.


>At some point Monero could be dropped by exchanges due to regulatory pressures or even perceived exposure

Could be argued that it hasn't yet been picked up by exchanges for this reason.

Also, looking at the more corporate friendly Zcash which was dropped by Coinbase UK [0]. Likely from pressure from their banking partner ClearBank.

These coins won't last without a mechanism to covert to fiat.

[0] - https://www.coindesk.com/coinbase-uk-dropping-support-for-cr...


> Could be argued that it hasn't yet been picked up by exchanges for this reason.

Monero is traded at Kraken, a U.S.-based exchange. Kraken even has a banking charter in Wyoming.


On-chain atomic swaps with Bitcoin reduces fiat exchange to btcusd exchange.


Look at Japan for an example of a country (there are probably others?) where exchanges are not allowed to list or trade Monero, Zcash et al.




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