After OKEx and UpBit, which carried out the delisting in September, monero is going to be excluded from BitBay, as announced yesterday through a post published on the site; the exchange will cease to accept deposits on November 29 while the actual delisting will take place on February 19, 2020. By that date, therefore, users will have to provide or sell their stocks on the platform, converting them into other currencies, or withdrawing their own funds. The motivation is also in this case attributable to the anonymous nature of this cryptocurrency and it is the effect of the crackdown wanted by the FATF (international financial action group) to try to counter money laundering through crypts with high standards in terms of privacy. This type of decision will end up involving all the exchanges that allow crypto-fiat operations, that is they allow to convert cryptocurrencies with legal tender money (and vice versa), while it will probably not affect the exchanges that only allow trading between cryptocurrencies. Meanwhile, last month, BitBay transferred its registered office in Estonia, where it obtained two licenses to operate legally in the country; the exchange also stated that:

"Being an authorized exchange we are required to comply with certain standards, this allows us to provide our customers with legal security and the advantage of being able to forge strategic partnerships thanks to the availability of the banking system and payment systems"

In other words, if the centralized exchanges, like BitBay, want to be able to have peaceful relations with the banks, which is essential to operate with due tranquility in the sector, they must be able to obtain the licenses provided in the different states and to do this they must inevitably respect the anti-money laundering regulations; since anonymous crypts do not allow for this type of operation, since it is not possible to define who sent the money, who received it, or for some currencies, the amount of the transaction, the exchanges they want operate legally are basically forced to exclude these cryptocurrencies from the exchanges, otherwise they could not comply with the anti-money laundering rules and, consequently, they would lose the licenses and with them the possibility to operate quietly through their bank accounts. This, contrary to what one might believe, is not the end of anonymous cryptocurrencies, which will continue to be exchanged by decentralized platforms and crypto-crypto exchanges, however it represents a blow to these projects that will inevitably see a contraction in volumes and that, due to what appears to be clearly a criminalization of these instruments, they risk being unattractive to small investors.