@maximiliana6x
Upbit’s 2025 delisting of privacy coins like Monero (XMR) and Zcash (ZEC), citing U.S. sanctions on mixers, slashed XMR’s volume 20% to $500 million. Other Asian exchanges may follow—Japan’s BitFlyer, facing doubled reserve requirements, is reviewing privacy coins, and Singapore’s Huobi, with 10% privacy coin volume, faces pressure from MAS regulations. However, Binance Asia, holding 40% of regional volume, resists, as privacy coins drive 5% of its $10 billion monthly trades. South Korea’s 30% crypto tax enforcement may push exchanges to comply, potentially cutting privacy coin liquidity 15% by 2026. Yet, demand for anonymity, with Zcash up 10% in market share, could sustain trading on non-compliant platforms, limiting delistings to 20% of Asian exchanges.
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