Monero faces market turbulence amid increased regulatory pressure on privacy tokens

Monero (XMR), a cryptocurrency celebrated for its privacy and anonymity, is grappling with significant market challenges as regulatory scrutiny on privacy tokens intensifies. Launched in 2014, Monero was designed to provide completely private and untraceable transactions, leveraging advanced cryptography to obscure both senders and recipients. This level of confidentiality has made it a favored choice

Source: Invezz