Prominent cryptocurrency exchange Huobi Global, at a time when regulatory scrutiny of privacy tokens is becoming more frequent, 7 privacy tokens of this type your altcoin He stated that he would delist.
Huobi Links Regulatory Pressure to Delisting 7 Altcoins
“Huobi Global strictly adheres to the compliance policies of each country and region and always strives to protect the assets of our users,” the exchange, one of the largest in the world, said.
Dash (DASH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC), and Horizen (ZEN) Both spot and futures trading of the tokens were suspended last Tuesday. The delisting of these tokens is scheduled to begin on September 19.
Huobi said the deposit service for DASH, DCR, FIRO, XMR, XVG, ZEC and ZEN will end next week Monday, but the withdrawal service will continue to operate.
Huobi said the move was made “to comply with the latest financial regulations.”
Representatives from Huobi have not yet responded to requests for additional comment.
Privacy altcoins maintain anonymity by hiding the flow of money through their network. cryptocurrency are units. They make it difficult to find out who sent what to whom, which is useful for those who don’t want anyone to spy on your financial activities.
On August 8, the U.S. Department of the Treasury announced that customers in the U.S. Ethereum By banning them from using Tornado Cash, a decentralized mixing tool that enables private transactions on its blockchain, it raised questions about privacy protocols and privacy altcoins in general, and increased scrutiny on such tokens.
Many of the privacy tokens were seen to be in the red zone despite the overall market appreciation.
*Not investment advice.
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