Brain Armstrong, CEO of Coinbase, said that the exchange will not be listing Monero (XMR) for now, due to regulatory concerns.
Speaking in an of ‘What Bitcoin Did’ with Peter McCormack, Armstrong says that US regulators have not fully accepted privacy coins such as Monero. The CEO is being careful about listing certain assets as said assets could eventually end up at loggerheads with regulators.
The CEO plans to reconsider listing Monero later in the future when regulators are satisfied with the asset. He said:
hackedannouncedAlso, in September last year, a report said cybercriminals had pulled in $100,000 worth of illicit Monero.