Bittrex to Delist ‘Privacy Money’ Monero, Go and Zcash
Bittrex announced Friday this might per chance perhaps also be delisting monero (XMR), zcash (ZEC) and creep (DASH), continuing a pattern of so-called privateness coins being delisted by cryptocurrency exchanges.
- In a free up, the trade talked about the coins’ markets might per chance well be removed on Friday, Jan. 15, at 23: 00 UTC.
- Whereas Bittrex gave no explanation for the removals, exchanges across the sphere had been transferring to delist coins that request to retain the privateness of their customers as a methodology to be compliant with know-your-customer (KYC) and anti-money laundering (AML) regulations which is seemingly to be spreading across the sphere.
- As an illustration, the U.S. Secret Provider has entreated Congress to create suggestions to restrict the utilization of privateness-centered cryptocurrencies.
- Go spoke back by Tweet, calling the brand “privateness coin” a misnomer in its case, asserting “From a technical standpoint, Go’s privateness functionality will not be any elevated than Bitoin’s.” Go talked about or no longer it’s requesting a assembly with Bittrex’s compliance personnel so that you just can 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.
UPDATE (Jan. 1, 20: 16 UTC): Provides coin designate reactions, Go’s response.
