Dubai Privacy Ban Shakes Monero (XMR) and ZCash (ZEC). TMS Network (TMSN) Shoots for the Moon in Presale Event

Anonymity is an integral part of blockchain technology that continues to spark controversies, with debates revolving around the privacy of certain coins in particular. Recently, Dubai banned all privacy coins, which is clearly a huge blow to Monero (XMR) and ZCash (ZEC).

As investors scramble to find a new gem to put their money into, TMS Network (TMS) has emerged with its unique, disruptive trading platform. The network’s presale is shooting for the moon, intending to provide value to help losses experienced by Monero (XMR) and ZCash (ZEC) investors. Read on to learn more.

The controversies around privacy coins have been growing over the years. A few days ago, The Dubai Virtual Asset Regulatory Authority (VARA) announced that it had banned all privacy cryptocurrencies, including Monero (XMR) and ZCash (ZEC).

Privacy coins like Monero (XMR) and ZCash (ZEC) have always raised regulators’ concerns, as they can obviously be used to facilitate illegal transactions. For instance, Monero (XMR) has ring signatures and stealth addresses to generate one-time untraceable addresses signed randomly. The fresh ban is directly in line with Saudi Arabia’s anti-money laundering law, prevention of insider trading, and curbing the use of digital assets for criminal activities.

While the amendment is aimed at providing maximum security for users, it is another huge blow to Monero (XMR), ZCash (ZEC), and others. Japanese authorities did the same in 2018 out of fear that perpetrators might use Monero (XMR) or ZCash (ZEC). Some months ago, Huobi banned all privacy coins in compliance with regulatory rules – while Bittrex did in 2021. Unfortunately, the EU moving to do the same might signal the end of the road for Monero (XMR), ZCash (ZEC), and other privacy coins.

Currently, ZCash (ZEC) is trading at $46, about 94% down from an all-time high of $756 in 2018. However, its Year-To-Date gain stands at 26%, one of the lowest this year. On the other hand, Monero (XMR) has lost 66% of its all-time high value of $483 and is now trading at $162.5.

TMS Network (TMSN) Aim for the Moon, Shoots Up in Presale

Dubai is amending and tightening its laws to make the city more crypto-friendly. Over the years, DeFi has become one of the hottest trends globally, especially in Dubai. With the rise of DeFi, more and more Dubai investors are looking for platforms that can offer them decentralized trading options with high security and transparency. This is where TMS Network (TMS) comes in with a trading solution designed to fully utilize finance in the 21st century.

TMS Network (TMS) is a blockchain-backed decentralized trading platform that allows traders to buy and sell a truly massive range of digital assets, including cryptocurrencies, CFDs, stocks, and ETFs. The platform’s decentralized nature ensures users have absolute autonomy over their decisions. It also gives the platform huge scalability, high speed, and cost-effective transaction processing.

TMS Network (TMS) team has worked hard to ensure that the platform is secure and user-friendly. This way, new traders can easily navigate their way around built-in perks like automated social and copy trading bots, on-chain metrics, advanced trading tools, charting tools, price aggregators, AI builders, and multiple trading terminals.

The platform has already caught the attention of many investors excited about its potential. With $2 million already raised in the private seed sale in an incubator fund, theTMS Network (TMS)‘s token, $TMSN, has also seen a significant level of interest in its ongoing presale stage. This clearly indicates the platform’s power and investors’ genuine interest in modern, decentralized trading solutions.

So far, the TMS Network (TMS) token has grown from $0.0003 to $0.0047 in less than a few days. Currently, the token has posted a 1500% gain, trading at $0.0047. For experts, this is only the beginning of greatness for the token.

For more information on TMS Network (TMS) please see the links below:

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

Twitter: https://twitter.com/tmsnetworkio

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