In Europe, probably not. The bureaucracy is too thick. For the US, maybe but as mentioned in other responses we don’t need CEX access. What is likely is that due to Trump’s executive order, banks may be allowed to hold digital assets. That means, you could just open a litecoin or USDT account in your bank and transfer money in and out of it from your fiat bank accout. CEXes are complicated (compared with instant exchanges) and tend to have KYC rules that if stolen can be used with AI to not only identity theft you, they have the power to put you at the scene of a crime or blackmail you. Banks don’t need nearly as much KYC since they know you directly. This would have a huge effect. It allows you to be paid in crypto and merchants to receive money in crypto so crypto can instantly be used by all stores without pain. Not only that, if you can be paid in Litecoin, paying it to your personal wallet, you can use MWEB to instantly swap it with Monero (e.g. on BasicSwapDex, Haveno, or a DEX) so you can hold all your daily money in Monero. It should be possible to do this automatically via a script. Unless you want to do a lot of trading and want the proper tax forms automatically set up for you, I see no reason why anyone of any experience level would even want to use CEXes when banks could hold crypto.
i dont understand. why do some of us want so desperately to show IDs for buying Monero? if you want to show IDs, buy another, and swap through trocador.
I think we don’t need CEXs, what we need is better accessibility through Haveno and such: options to buy in lower amounts. both for those that don’t have much money they can freely spend, but also for those that are afraid to start with a large amount of money
People can buy gold with kyc or not… They have a choice. Then they can do what they want with it.
I was writing this post in order to ask about a good possibility to trade Monero and easier way to buy or sell it
Hopefully not. I don’t want the market manipulation of those people. We have Haveno, which is working fine and with more feedback will become better over time. Serai is around the corner aswell. Then there is basicswapdex which also keeps improving.
So we’re good I think. No short-term moon pumping needed.
Nope
Sadly I have to agree. XMR is about not having control, central governments like to have control
Maybe we will see decentralized governments one time
That would be neat, maybe they could support federation and transitive power transfers!
I don’t se not that happening even less in Europe. Monero is in a different territory building the pseudo economy independent to the financial system.
You have a good way - selling/buying your crypto with swap services like exolix or trocador. What else do you need from CEXs?
