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Crypto exchange friendly banks | Monero uses three different privacy innovations, namely, ring signatures, Ring Confidential transactions, and stealth addresses. The coin has already been banned from crypto exchanges in South Korea and Australia due to government regulatory pressure�it's a risk you'll have to take when you choose to purchase XMR. For instance, if a particular exchange has been hacked, or funds are stolen, the hacked or stolen Bitcoins can be tracked and subsequently blacklisted by exchanges or vendors. Monero is the only major cryptocurrency to hide the sender, receiver, and amount for all transactions. Asset fungibility is the monetary concept implying that all the units of any currency are treated equally, irrespective of its previous transaction history and source of origin. As a privacy coin, Monero changes the game by disallowing outsiders from tracing your transactions�completely protecting your privacy. Bitcoin boasts wider adoption, with numerous high-profile companies accepting it as a form of payment, thanks to its diverse wallet options, global accessibility, and growing institutional interest. |
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