U.S. based exchange Bittrex today announced delisting 3 privacy coins namely Monero [XMR], Zcash [ZEC] and Dash [DASH] as of January 15th, 2021. Earlier South Korean exchanges were spotted to delist privacy coins citing the FATF’s regularity concerns.
Bittrex Becomes First U.S. Exchange to Delist Privacy Coins
In an official announcement through their twitter handle Bittrex team informed traders that they would no longer be allowed to trade in XMR, ZEC and DASH market pairs as of January, 15th. This announcement comes in wake of Financial Action Task Force rules for AML and exchange’s way to de-risk possible actions from regulators.
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Source: Breaking: Crypto Exchange Bittrex Delists Privacy Coins XMR, ZEC and DASH