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#Post#: 339--------------------------------------------------
OKEX Korea Drops 5 Privacy Coins Citing FATF Rules
DIR By: diuk
Date: September 16, 2019, 6:17 am
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Regulatory pressure on cryptocurrency exchanges to stop
providing users with access to so-called privacy coins is
growing.
The South Korean arm of the Malta-based OKEX exchange announced
early on Monday that it is to delist five cryptocurrencies that
provide extra privacy features for users. From Oct. 10, the
exchange will no longer support trading in Monero (XMR), dash,
zcash (ZEC), horizen (ZEN) and super bitcoin (SBTC).
In its notice, OKEX Korea said it will delist cryptocurrencies
that “violate laws or regulations [and] policies of government
agencies and major agencies.”
HTML https://www.coindesk.com/okex-korea-drops-5-privacy-coins-citing-fatf-rules
#Post#: 346--------------------------------------------------
Re: OKEX Korea Drops 5 Privacy Coins Citing FATF Rules
DIR By: Ziadjbt78
Date: September 16, 2019, 12:19 pm
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This is what worries me about privacy coins. The fact that they
are purposely slamming rules and regulations against the wall.
That's why I don't see much future for such type of coins and
believe they are destined to die soon. Time will come when more
transparency and disclosure (KYC) will be enforced therefore
more exchanges will delist them.
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