Post
Topic
Board Service Discussion (Altcoins)
Merits 4 from 1 user
Re: Privacy coins getting delisted
by
DarkDays
on 16/09/2019, 14:39:44 UTC
⭐ Merited by suchmoon (4)
Okex korea on war with privacy coins, they have decided to delist privacy coins like zcash, Dash, monero, horizen and SBTC, Why? well the reason is..

“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.

Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”


Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/



Well it's better than giving people false promises regarding their privacy. As soon as your real information is linked with a privacy coin like XMR or ZEC then it loses much of its anonymity.

I think other platforms will soon be cracking down on privacy coins, though these will just make the decentralized exchanges stronger.