Quote from: mcnocon2 on September 21, 2019, 01:51:15 PM

Quote from: Febo on September 18, 2019, 08:53:42 PM

Quote from: jjbanks994 on September 18, 2019, 05:26:47 PM

Five privacy coins including monero, dash, zcash, horizen and super bitcoin are to be delisted from the exchange. Apparently the Korean government has asked crypto exchanges to implement the FATF guidelines which include the travel rule.

It will be interesting to see if exchanges choose to implement TRISA which is CipherTrace's solution to the FATF policy rather than delisting them.

What are your thoughts on this topic?

https://tokenpost.com/Crypto-exchange-OKEx-Korea-to-remove-all-privacy-coins-including-monero-dash-zcash-over-FATFs-travel-rule-3443

Thoughts are simple. OKEx Korea know everyone on their exchange, since they KYCed themself. So they know who deposited every coin on the exchange as who withdraw coins from that exchange. That is what FATF policy is all about. In FATF policy there is no reason for delisting any coin. There are just reasons for them to focus more in KYCing their customers.

Make sense, that's why Okex Korea delisting this privacy coins and not only OKEX korea are working on this. I've heard a news regarding the same thing, delisting privacy coins in upbit korea. Looks like korea are strict in their law that's why exchange have to comply with this or they will be in a huge trouble.

now i see , so its all about these kyc thing again . privacy coins are indemand tho because privacy concious people will definetly chose these kind of coins more over on the common cryptos which was only partial anonymous .

exchanges like okex and others that are doing it will surely experience in a drop of volume but other exchanges that doesnt do a kind of activity like this will possibly be boosted and will increase thier volume especially on to those privacy coins .