Monero
Why Monero is up 1.1% in the last hour
Analysis
Monero (XMR) saw a 1.1% increase in price over the past hour, likely due to the news that Monero, along with Zcash and Dash, has been prohibited in India amid a money-laundering crackdown. This development may have sparked increased interest and trading activity in Monero as investors react to the regulatory changes in India.
Contributing Factors (1)
Monero, Zcash, And Dash Prohibited In India Amid Money-Laundering Crackdown
India’s Financial Intelligence Unit (FIU‑IND) has launched a fresh anti‑money‑laundering crackdown aimed at privacy‑focused cryptocurrencies. The move targets Monero (XMR), Zcash (ZEC), and Dash (DASH...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.