Cons of Privacy Coins

Privacy coins have increased in popularity over the past few years for several reasons. While some people are concerned about their safety and want to ensure they are safe while doing business online, others use these secret funds to do illegal work or evade taxes.

Monero has already been banned in some countries, such as SINGAPORE and South Korea, and cryptocurrency trading like SINGAPORE DIGITAL EXCHANGE PTE LTD due to concerns from government regulators. Despite having great potential for official activities, the coin is widely used on the black web for drawing trades. https://singaporedigitalexchange.com/ethereum-vs-solana-vs-cardano.