NFT News Daily TheBittimes.com

Privacy tokens face challenges meeting crypto exchange listing criteria amid regulatory pressure, leading to an all -time low in liquidity , Kaiko’s data shows . In a recent research report, analysts at Kaiko have revealed that market liquidity for privacy tokens — including Monero (XMR), Zcash (ZEC), and DASH — has reached all-time lows as crypto exchanges keep removing these assets from their listings. According to data, privacy-focused tokens witnessed last week just $5 million in liquidity following the removal of several trading pairs with these assets from OKX. “While trade volumes gradually increased since October, they are still well below their 2021 levels.” Kaiko Analysts at Kaiko pointed out that privacy tokens have increasingly been delisted by major platforms due to regulatory pressure over the past few years. This has helped to exacerbate the decline in liquidity during the crypto bear market. Both XMR and ZEC are currently at high risk of being...

The Financial Stability Board has released a report highlighting the need for additional regulations in the crypto industry, particularly in the wake of the FTX collapse , to mitigate risks similar to those in traditional finance. The Financial Stability Board (FSB), a pivotal global financial watchdog, has recently spotlighted the need for heightened regulatory oversight in the cryptocurrency sector. This call for action, highlighted in their report released on Nov. 28, gains relevance in the aftermath of the FTX fiasco, a debacle that rattled the core of the crypto world. The FSB’s analysis pinpoints a vulnerability within multifunction crypto-asset intermediaries (MCIs). These platforms, which blend trading and related activities, mirror traditional financial vulnerabilities such as leverage risks, liquidity mismatches and operational failures. Multifunction crypto-asset intermediaries (MCIs) are a critical component of the #cryptoasset ecosystem as their business models ...