{"id":64108,"date":"2020-12-12T01:15:47","date_gmt":"2020-12-12T01:15:47","guid":{"rendered":"https:\/\/www2019.dash.org\/?p=64108"},"modified":"2021-09-18T11:41:10","modified_gmt":"2021-09-18T11:41:10","slug":"privacy-coin-advocates-persevere-amid-multiple-crypto-exchange-delistings","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/privacy-coin-advocates-persevere-amid-multiple-crypto-exchange-delistings\/","title":{"rendered":"Privacy Coin Advocates Persevere Amid Multiple Crypto Exchange Delistings"},"content":{"rendered":"
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On Dec. 8, Dutch cryptocurrency exchange LiteBit sent an email to its users stating it would be delisting the privacy coin firo (formerly zcoin).<\/p>\n<\/div>\n

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According to the email, the decision was made \u201cpartly due to the privacy aspect of this crypto. The regulator of crypto companies in the Netherlands has indicated that cryptocurrencies aimed at privacy are too high a risk.\u201d<\/p>\n<\/div>\n

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LiteBit confirmed zcoin will be delisted on Dec. 22.<\/p>\n<\/div>\n

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By signing up, you will receive emails about CoinDesk products and you agree to our\u00a0terms & conditions<\/a>\u00a0and\u00a0privacy policy<\/a>.<\/div>\n<\/div>\n<\/div>\n
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This news comes a few months after Shapeshift\u00a0delisted<\/a>\u00a0monero<\/a>,\u00a0zcash<\/a>\u00a0and\u00a0dash<\/a>. South Korea-based exchange Bithumb also dropped monero in June, continuing a trend of delisting privacy coins by cryptocurrency exchanges that seems unlikely to stop anytime soon.<\/p>\n<\/div>\n

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\u201cAt the moment, the impact is primarily limited to smaller or regional exchanges\u201d said Firo project steward Reuben Yap. \u201cHowever, it signals to the rest of the space that delisting is the only way to remain compliant with AML\/KYC [know your customer\/anti-money laundering], which isn\u2019t the case at all, setting a bad precedent.\u201d<\/p>\n<\/div>\n

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Delisting around the world<\/h2>\n<\/div>\n
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Yap said delistings have become a worldwide trend, especially in Asian countries such as\u00a0South Korea<\/a>\u00a0and\u00a0Japan<\/a>. Europe, where privacy regulations like the General Data Protection Regulation (GDPR) would seem more open to privacy-focused coins, has seen …………….<\/p>\n<\/div>\n

Please read Full Story at:<\/p>\n","protected":false},"excerpt":{"rendered":"On Dec. 8, Dutch cryptocurrency exchange LiteBit sent an email to its users stating it would be delisting the privacy coin firo (formerly zcoin). According to the email, the decision was made \u201cpartly due to the privacy aspect of this crypto. 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