crypto slate Privacy tokens have surged 9% over the past 24 hours, according to data, as the overall cryptocurrency market cooled following the recent strong run.
Cryptocurrency market capitalization has peaked by 18% since June 15 after BlackRock’s Bitcoin spot ETF filing. $1.2 trillion However, the weekend’s price action failed to continue its uptrend, leading to a small outflow and finding a local bottom at $1.17 trillion on Saturday, after which the overall 24-hour performance was largely flat.
Well-known privacy tokens such as Monero, Zcash and Mina performed well with +2.17%, +4.89% and +0.37% respectively. The best performing token in the top 10 over the last 24 hours is tomiNet, up 13.68%. Over the past 7 days, Keep Network leads the top 10 with his 43.49% rise.
Privacy tokens use technologies such as zero-knowledge proofs to obfuscate information such as sender and recipient details, providing a degree of anonymity to users.
On June 23rd, Federal Action Task ForceIntergovernmental agencies tasked with combating money laundering and the financing of terrorism said more than half said they had failed to enact travel rules. He called on all countries to fill the gap.
of travel rules Refers to policies to prevent criminal and terrorist abuse in the field of digital assets, especially VASP requirements to share information between originators and beneficiaries of cryptocurrency transactions.
of EU previously proposed legislation to ban privacy tokens, citing concerns about their use in money laundering.
On June 1st, Binance announced the delisting of several privacy coins from the Spanish, French and Polish markets effective June 26th. Affected coins are Decred, Dash, Zcash, Horizon, PIVX, Navcoin, Secret, Verge, Firo, BEAM, Monero and Mobile Coin.
The $18.6 billion privacy sector, up 9% to lead the cryptocurrency market in the last 24 hours, first appeared on CryptoSlate.
