this post was submitted on 06 Jun 2024
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Monero

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I was doing some research on exchanges and found this on ChatGPT:

As of now, Monero (XMR) is not listed on any major US-compliant cryptocurrency exchanges. This is primarily due to regulatory concerns over its privacy features, which make it difficult for exchanges to comply with KYC and AML regulations.

Monero's focus on privacy and anonymity poses challenges for regulatory compliance, leading most US-based exchanges to avoid listing it. As a result, if you're looking to trade Monero and you are a US citizen, you will typically need to use international exchanges that may have fewer regulatory constraints but come with their own risks.

For reference, here are a few popular international exchanges where Monero is available, although they may not be fully compliant with US regulations:

  1. Binance (Global, not Binance.US)
  2. Kraken (Though Kraken is US-based, it has delisted Monero for US customers)
  3. KuCoin
  4. Huobi
  5. Gate.io

Please be aware that using these exchanges may involve legal and financial risks, including the possibility of violating US regulations. It is always advisable to stay informed about the latest regulatory developments and to consider the legal implications of using non-compliant exchanges.

Did I miss something, or this another authoritarian bit of hopium that made its way into the language model?

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[–] [email protected] 0 points 3 months ago (1 children)

Pretty sure this is one of those AI hallucinations because I have heard nothing about Kraken in the United States de-listing it. And as far as I'm aware, Binance Global no longer has it. At all.

[–] [email protected] 0 points 3 months ago

@shortwavesurfer @prancing389
Thats only in Germany, they partner with some other company the Regional delisting is a result of this.
Now they also want my tax number..

[–] [email protected] 0 points 3 months ago

i think they delisted it for Germany recently. anyway get off of DumbassGPT lol

[–] [email protected] 0 points 3 months ago

https://www.kraken.com/learn/buy-crypto

Looks like monero is available to me. It also took me 5 seconds to do this, probably took you longer to write this post. Learn to do basic research the right way before jumping to conclusions.

[–] [email protected] 0 points 3 months ago (2 children)

The news that you missed is that Large Language Models (LLMs) like ChatGPT are unreliable sources of information. Look for another source if you need reliable information about anything.

[–] [email protected] 0 points 3 months ago (1 children)

Yes, so LLMs may work as an interactive search engine, but what they say is not correct, it's just statistically probable to be correct

[–] [email protected] 0 points 3 months ago (1 children)

Right. As far as I know, a LLM will not give you a proper source if you ask it how it knows some information. A website found through a search engine will have a source for its info (or it's probably unreliable if it has no sources).

You as a human being have a right and responsibility to know the source of information and use your reasoning abilities to decide if the source is reliable. An LLM interrupts this process. I don't understand how people are absorbing information without sources or a way to critically think about if the information may be accurate.

[–] [email protected] 0 points 3 months ago* (last edited 3 months ago)

Providing sources is what makes me like perplexity.ai

[–] [email protected] 0 points 3 months ago