2018-05-02 Japan's FSA is Pushing Back Against Monero, Zcash, and Dash


Japan’s FSA is Pushing Back Against Monero, Zcash, and Dash

May 2, 2018 (PIVX not mentioned but related)


TenX refunds integration for privacy-focused coins such as Monero and Dash.

TenX and Dash update 2018-04-30 from r/dashpay

Dear Dash community,
We know you’ve been waiting a long time for the TenX Dash Debit Card Proposal (https://www.dashcentral.org/p/tenx-dash-debit-card).
In our bid to make all cryptocurrencies spendable, TenX is in the process of applying for financial institution licenses in several countries. Unfortunately, this precludes us from offering support for privacy-focused coins such as Monero and Dash. As such, we have thus far been unable to find a solution that would allow us to integrate Dash into our payment solution while remaining compliant with the requirements of the relevant regulatory authorities.
We find it only fair therefore, to return the 305 DASH raised by the Dash Foundation for the proposal. Once they confirm receipt of the funds, the Dash foundation will disburse these back to the original contributors accordingly.
Additionally, we have deprecated the TenX Dash beta wallets and will return beta users their full Dash wallet balances. We will email beta users to confirm their receiving addresses in the next 48 hours.
TenX remains committed to the Dash community and will continue to explore alternative solutions to make Dash spendable. Thank you for your understanding.
Mike Ferrer
TenX Community Manager


I had meetings* with Crypto merchant processors like Cubits, Bitpay, Coinbase where they have said that there will never be a privacy focused coin on their platform, because they strive to be regulated and comply with Govt. AML rules, and that’s incompatible with privacy.
A privacy coin will have to do it itself, and provide its own on/off ramps and merchant acceptance protocols…

*I was Head of Payments for a large online company.