Why Criminals Love Monero?

The video explores Monero, a cryptocurrency known for its high security and privacy due to decentralization. Unlike Ethereum and Bitcoin, Monero's blockchain is untraceable, making it attractive for illegal activities. This has led some exchanges to exclude it. Monero is fungible, meaning any unit is interchangeable with another. The video concludes with a disclaimer that it is not financial advice.

What is a key feature of Monero that differentiates it from Bitcoin and Ethereum?

• Centralized transactions

• Untraceable transactions

• Fixed supply

• Transparent blockchain

Why might Monero be considered attractive to criminals?

• It offers low transaction fees

• Its transactions are untraceable

• It is widely accepted in legal markets

• It has a high market value

What does it mean for a currency to be fungible?

• Units are identical and interchangeable

• It is backed by a physical asset

• Units can be exchanged for different items

• Each unit is unique and cannot be replaced

What is a potential downside of Monero's privacy features?

• Increased transaction fees

• Facilitation of illegal activities

• Limited market adoption

• Reduced transaction speed

Why have some exchanges stopped offering Monero?

• Because of its untraceable nature

• Due to regulatory compliance

• Due to its high volatility

• Because it is not popular