OKEx to delist all cryptocurrencies with high-level privacy

OKEx to delist all cryptocurrencies with high-level privacy
Published: 16 September 2019
The South Korean cryptocurrency marketplace OKEx Korea will exclude all privacy=oriented cryptocurrencies from its listing, including Monero, Zcash and Dash.

The South Korean division of the OKEx crypto exchange will delist five coins with high-level privacy, Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC). The trading platform will stop supporting transactions in these coins on 10 October, while customers will be able to withdraw their assets until 10 December 2019.

According to the cryptocurrency exchange, the decision is caused by the fact that these cryptocurrencies violate international standards on the collection of user identification data prescribed by the FATF Task Force on the Development of Financial Measures to Combat Money Laundering (FATF). As OKEx Korea notes, the cryptocurrency exchange reserves the right to delist coins "if the support of transactions in a particular cryptocurrency violates laws or regulations/policies of government agencies and major agencies."........More