Huobi Global, one of the high-volume cryptocurrency exchanges, has decided to delist 7 altcoins. With the decision taken by the exchange, it tries to keep up with the forbidden obligations of the region it is in.
Huobi Global has decided to delist 7 altcoins
The cryptocurrency exchange will remove Monero (XMR), one of the controversial Blockchain projects, from its list as of September 19. Huobi has decided to delist Monero and other privacy coins due to regional compatibility. The Singapore-based cryptocurrency exchange also has offices in South Korea, Japan, USA, Hong Kong and Turkey. The exchange is also known for its proximity to all local and regional compliance regulations.
According to the official announcement, Huobi Global will no longer have the following privacy-focused cryptocurrencies on its list.
- Zcash (ZEC)
- Dash (DASH)
- Monero (XMR)
- Verge (XVG)
- Horizon (ZEN)
- Decred (DCR)
- FIRO
Could it be a sign that regulations are coming?
Privacy-focused cryptocurrencies are under fire over regulation. Most countries, including the US, have not yet issued a clear regulation for cryptocurrencies. However, political conversations show that privacy-focused cryptos, especially XMR and DASH, are under fire. However, although it has not entered into force yet, EU regulations are preparing to take their final form. In this case, developed countries want to take advantage of Blockchain technology, while at the same time wanting to reduce possible risks.
Huobi’s decision to delist privacy-first cryptocurrencies in the coming timeframe is controversial. The delist decision of the stock market came before the USA and developed European countries took any official action on this issue. According to the statement, some regions have filed complaints with Huobi about these cryptocurrencies.
About Huobi Global
Huobi Global is a leading cryptocurrency exchange with a strong weight in Asian markets. The stock market introduced its name to the world in 2013. In general terms, spot trading, derivatives trading, staking, etc. provides an ecosystem. However, Huobi began moving its services abroad in 2017 due to the regulatory environment in China. The company then declared Seychelles as its headquarters. Established a new headquarters in Singapore. It has also started making time to expand into other Asian markets and the rest of the world.
Huobi Global lists over 400 cryptocurrencies. cryptocoin.comAs you follow, it regularly adds new altcoin projects to its platform. The most popular cryptocurrencies you can currently trade on the platform are:
- Bitcoin (BTC)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Litecoin (LTC)
- Huobi Icon (HT)
- Huobi USD (HUSD)
- Tether (USDT)
- Tron (TRX)
- Uniswap (UNI)
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