U.S. based exchange Bittrex today announced delisting 3 privacy coins namely Monero [XMR], Zcash [ZEC] and Dash [DASH] as of January 15th, 2021. Earlier South Korean exchanges were spotted to delist privacy coins citing the FATF’s regularity concerns.
Bittrex Becomes First U.S. Exchange to Delist Privacy Coins
In an official announcement Bittrex team informed traders that they would no longer be allowed to trade in XMR, ZEC and DASH market pairs as of January, 15th. This announcement comes in wake of Financial Action Task Force rules for AML and exchange’s way to de-risk possible actions from regulators.
— Bittrex (@BittrexExchange) January 1, 2021
Cryptocurrency exchanges in South Korea, Australia and Japan have already started delisting privacy coins over concerns regarding actions from regulatory bodies like FATF. But, this is first case of an U.S. based exchange delisting privacy coin and may trigger a delisting spree at other exchanges.
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