Philippines Prohibits Trading of Privacy Coins
- Regulatory Ban Issued: The Bangko Sentral ng Pilipinas (BSP) has explicitly prohibited virtual asset service providers (VASPs) from supporting privacy-enhancing tokens, mandating thorough due diligence on listed assets, which will likely lead to the rapid disappearance of trading pairs for privacy coins, adversely affecting traders reliant on these assets.
- Increased Compliance Pressure: The BSP's directive requires platforms to implement automated monitoring systems, meaning that if a token's privacy features intensify or it gets flagged elsewhere, it must be delisted immediately, thereby increasing operational costs and creating long-term uncertainty for tokens with dynamic privacy characteristics.
- Liquidity Decline: As the ban on privacy coins takes effect, local liquidity is expected to drop sharply, with order books thinning and spreads widening, forcing users who hold these assets to scramble to move them off-platform before deadlines, further destabilizing the market.
- Global Trend Impact: This move by the Philippines aligns with global regulatory trends, as countries like Japan and South Korea have already implemented similar measures, indicating that national regulators are progressively tightening oversight on privacy coins, which may lead to the marginalization of these assets in compliant markets.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0298 | 0.0327 | 0.0361 | 0.039 | 0.0424 | 0.0453 | 0.0487 |
| Fibonacci | 0.0327 | 0.0351 | 0.0366 | 0.039 | 0.0414 | 0.0429 | 0.0453 |
About ORDER
About the author
