Monero are proud of their privacy. Recently, Monero have put yet another point release for CLI and GUI. Further, it is recommended that everyone upgrades. Early this month, Monero celebrated one year of RandomX being active on mainnet.
Justin Ehrenhofer recently expressed that he was extremely pleased to announce ComplyFirst, which is a set of free, comprehensive resources which will assist exchanges and other entities to better support privacy-enhancing coins and technologies in a completely compliant manner.
For those who want to dive right into things, Justin Ehrenhofer stated that users should check out the resources on their website. He also pointed the users to a webinar titled “Designing a Compliance Program for Privacy-Preserving Cryptocurrencies.”
For regulators or compliance professionals, he recommends that they send an email at or Twitter DM. Also stated that they are always looking for more of industry participants to help.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Privacy enhancements are happening in almost every kind of blockchain; however, at Monero (XMR) this is a regular and consistent process – improving privacy features every day.”
Monero recently announced ComplyFirst, which is an online resource for anti-money laundering (AML) and other digital assets-related compliance professionals. Comply First are offering free and detailed compliance briefs on Bitcoin, Monero, Zcash, Grin, and Dash, along with other compliance guides and resources. For those who are wondering about what to do about users of Bitcoin mixers, they have it all covered.
For those compliance professionals and regulators who need to be prepared for privacy enhancements happening in most cryptocurrencies including Bitcoin and Ethereum ComplyFirst is the place to start with.
Monero and Privacy
XMR community members have to state that in 10 years when the dust has settled on crypto two things are 100% going to be a certainty is that Bitcoin and Monero will still be here and widely used. Monero solves the biggest problem ever with finances – Privacy.
However, Monero will beat Bitcoin in terms of privacy, fungiblity and transaction fees. Previously, it has been stated that CSLAG may be the last of the low hanging fruit for making XMR transaction size smaller.
Also that much of the working going forward will be about scaling via methods other than reducing base transaction size. It is expected that the Monero ecosystem should become much more interesting soon.
It is also stated that there is plenty to do with Triptych, Arcturus, and others in terms of promising enormous size and speed improvements.
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