The exchange said the decision has been taken as these coins violate the Financial Action Task Force (FATFs) "travel rule."
I've heard the same about Upbit, Kraken and the number of other exchanges. So please HELP! What should I choose in order to feel safe??
I've been talking about this for a while and for some reason people haven't taken seriously the possibility that it will happen. Everyone will have to prove the history of where their money came from.
This isn't happening only in Korea. It will happen in US and EU too as FATF hq is in France and the fact that they get korean exchanges obeying them says a lot. Origin of wealth will neeed to be auditable in the future and it's already started.
Some had been anticipated but there are people who arent ready for this or simply get shocked on whats happening around but its true that its not really surprising that regulation or laws would become more stricter
as the years passing by specially on crypto space.You could really expect that government doesnt really like nor want on something which cant be traced up this is why its not surprising that they would really be
getting rid of these things via strict regulations and compliances into those platforms whom do accepts it.
Not needed to mention up further more on whats stated by some members about places or platforms which you could actually deal with these privacy coins.