RATE Group | Cryptocurrency Exchange OKEx Delists XMR, DASH, ZEC, ZEN, SBTC
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Cryptocurrency Exchange OKEx Delists XMR, DASH, ZEC, ZEN, SBTC

10 Oct Cryptocurrency Exchange OKEx Delists XMR, DASH, ZEC, ZEN, SBTC

Posted at 19:21h in Cryptocurrency News by

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Cryptocurrency exchange OKEx announced the end of Monero (XMR), DASH, Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) trading as of today, Oct. 10.

Per the Oct. 2 announcement, the assets have been delisted today. A previous version of the announcement was published on Sept. 10. That being said, since then the support for privacy coins ZEC and DASH has been defined as temporarily suspended due to regulatory concerns.

Regulatory concerns over privacy coins

More precisely, OKEx reports having received a request to end the transaction support and review the compliance with the ‘Travel Rules’ according to the Financial Action Task Force recommendations. The exchange promised that the final decision concerning the support of DASH and Zcash will be announced at a later date in a separate announcement.

Delisting of privacy coins over regulatory concerns is nothing new. In September, South Korean cryptocurrency exchange Upbit announced that it would stop trading for six cryptocurrencies,…

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