One of the main trends following the growth and the maturing of the digital currency industry has been the booting of so-called privacy coins from the exchanges. As more regulations come into place in order to prevent crime and protect the investors, some currencies priding themselves on providing their users with anonymity have been targeted and removed from some of the leading marketplaces. Authorities have become increasingly concerned with the fact that the use of these coins can make the details of transactions, such as the identity of the sender, recipient, as well as the transaction amount, untraceable.