Note

Bittrex to Delist 'Privacy Coins' Monero, Dash and Zcash

Verified Official
ยท Views 161

Bittrex to Delist 'Privacy Coins' Monero, Dash and Zcash

Photo: Coindesk

Bittrex announced on Friday that it will be delisting monero (XMR), zcash (ZEC) and dash (DASH), continuing a trend of so-called privacy coins being delisted by cryptocurrency exchanges.

In a release, the exchange said the coins' markets will be removed on Friday, Jan 15, at 23:00 (UTC).

  • While Bittrex gave no reason for the removals, exchanges around the world have been moving to delist coins that seek to preserve the privacy of their users as a way to be compliant with know-your-customer (KYC) and anti-money laundering (AML) regulations that are spreading around the world.
  • For instance, the U.S. Secret Service has urged Congress to create ways to limit the use of privacy-focused cryptocurrencies.
  • Dash responded via Tweet, calling the label "privacy coin" a misnomer in its case, saying "From a technical standpoint, Dash's privacy functionality is no greater than Bitcoin's." Dash said it's requesting a meeting with Bittrex's compliance team in an effort to be reinstated.
  • Shares of all three coins fell on the news: XMR is down 14.44% to $133.75, ZEC fell 12.28% to $55.76.

Bittrex to Delist 'Privacy Coins' Monero, Dash and Zcash

Photo: Coindesk

Reprinted from Coindesk, the copyright all reserved by the original author.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.