On Jan. 2, the Dash team officially stated that its privacy is no better than that of Bitcoin. The statement follows the news that Bittrex would be delisting the DASH token along with Monero (XMR) and Zcash (ZEC).
- The team has clarified that DASH is not a privacy coin and that the label “is a misnomer”; they have contacted Bittrex to overturn the delisting
- Bittrex announced on Dec. 30 that it would be removing DASH, ZEC and XMR; all three have suffered price drops following the announcement
- DASH was initially designed to be a privacy token, but the team has moved away from that goal in recent years, now presenting itself as a payments-focused digital currency
- Exchanges are moving to delist privacy coins out of fear of government retribution; South Korea has already planned to outlaw privacy coins entirely
- The US Internal Revenue Service (IRS) is also actively collaborating with firms to break the privacy encryption of Monero