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Anonymous Coins Face Delistings, See Which Assets Will Be Affected

Published 09/23/2019, 03:45 AM
Updated 09/23/2019, 05:01 AM
Anonymous Coins Face Delistings, See Which Assets Will Be Affected
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Coins with anonymous technology promised a lot in the past years. Even Ethereum (ETH) developers hinted at working on a transaction veiling technology. But now, anonymous coins of various types are falling under the pressure of the Financial Action Task Force (FATF) requirements. This time, the prescriptions to track and verify the personalities of anyone transaction above $1,000 in assets may affect the actual usage of crypto coins.

The first wave of delistings affected Dash (DASH), ZCash (ZEC), and Monero (XMR). Despite the coins’ prominence and the rather long history of XMR, exchanges like Coinbase Uk and Cex_io delisted the assets.

The latest addition to the list was Upbit, which announced...

This article appeared first on Cryptovest

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