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Monero: Regulatory Pressure and Fake Hashrate Spark 30% Drop
I'm not long Monero, but I'm surprised the community seems so short-sighted. They're rolling out ID verification in many places, and regulators in the EU are pushing for access to private chats.
On top of that, the market dumped about 30% after allegations of fake hashrate around Qubic, which undermines trust in mining and network data.
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Analysis
Regulatory moves toward ID verification and EU requests for chat access increase compliance risk for Monero, a privacy-focused coin; combined with alleged fake hashrate events, investor confidence can...
Recommendation
Given heightened regulatory scrutiny and integrity concerns around hashrate, avoid initiating new long positions and consider reducing exposure until clearer governance and technical audits restore tr...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.