bittrex-to-delist-‘privacy-coins’-monero,-dash-and-zcash

Bittrex to Delist ‘Privacy Coins’ Monero, Dash and Zcash

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.

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