Essentially, monero is open to be used for illicit activities and for evading law enforcement, as it remains outside of capital controls with no traceability.
For this reason, will monero be banned?
Virtual asset service providers in the country will not be allowed to handle “dark coins.” ... This could potentially affect the usage of privacy coins such as Zcash (ZEC), Monero (XMR), and Dash (DASH). The financial watchdog's amendments to the Special Payment Act are expected to be enforced starting in March 2021.
Along with it, is monero a good investment 2020? Despite constant discussions around the cryptocurrency (especially about its close ties to the darknet), experts agree that Monero is a good option for long-term investments.
Above, is monero better than Bitcoin?
Monero beats Bitcoin on privacy, fungibility, transaction fees, and mining algorithm. Bitcoin beats Monero when it comes to transaction speed, scalability, network effect, supply, and price. Therefore, it's hard to pick a clear winner when comparing these two crypto assets.
Does monero have future?
Monero Price Prediction 2020 Using Technical Analysis According to longforecast.com, the price of Monero will be in the range of $554-$638 in April 2020 and go up to $810- $945 by December 2020. If we go by this prediction, then a $500 investment today could grow to $1944 by December 2020.