Dash is one of the first cryptocurrencies modeled after Bitcoin. The developers of Dash, in their quest for more transaction privacy, built a mixing protocol called Darksend, which anonymizes transactions by mixing transactions of several parties, merging their funds together in a way where they can’t be uncoupled. This is done through a decentralized network of servers called masternodes.

Dash has the following features:

  • Privacy: It keeps all your payments, transactions, and balances private so that nobody can track you.

  • Speed: It uses InstantX technology with a masternode network to complete transactions within seconds.

  • Security: Advanced encryption and trusted protocols make the system safe.

  • Global reach: Darksend makes it a comprehensive system that enables you to send money worldwide quickly and anonymously.

  • Low fees: The money transfer transactions cost only a few cents.

According to the Japanese authorities, "it is very difficult, if not impossible, to identify the recipients of currencies like Dash via a blockchain or any other public ledger. The anonymity makes the coins ideal for money laundering. The blockchain (public ledger) for bitcoin, makes it possible for seasoned investigators to follow the money."

And that is why the pushback against anonymous coins has begun to gain some traction in Asia.

Current Happenings

  1. Major South Korean exchange Korbit has announced it will terminate its support of the trading of five coins: Augur, Dash, Monero, Steem, and Zcash. According to Korbit, "The buying functionality of the affected coins will be discontinued after 15:00 on 05/28/2018.” And “after 15:00 on 06/21/2018 for the selling functionality.” Traders have until these dates to withdraw all their holdings of the affected cryptocurrencies from the platform.

  2. In Japan, Financial Services Agency (FSA) is reportedly mandating exchanges to delist privacy-centric altcoins "to minimize the risk of cyberhacking and money laundry." This might be the reason why:

  3. Japanese exchange Coincheck has concluded plans to delist Monero, Dash, and Zcash. Augur’s reputation token will also be delisted next month.

I feel this is is the beginning of a tough war of attrition against criminal elements very taken with the protection privacy-centric cryptocurrencies offer. Like in all wars of attrition, the side with the most resources will win. Regulation will continually fight against cryptocurrencies with built-in privacy and un-traceability, but never underestimate the man who needs to move a few million soiled dollars: he always finds his way.