Monero
Why Monero is down 5.4% today
Analysis
Monero (XMR) fell 5.4% over the past 24 hours as regulatory pressure weighed on privacy coins after reports that India prohibited Monero, Zcash, and Dash amid a money-laundering crackdown. The headline likely dampened sentiment and increased perceived compliance risk for XMR, contributing to the sell-off.
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.