OKEx Korea has just announced it has decided to delist all privacy-focused cryptocurrencies from its platform: Monero, Dash, Zcash, Horizen and Super Bitcoin.
As the Malta-based trading platform has reported today, users will be able to make transactions with these cryptocurrencies until next October 10, while withdrawals will be available till December 10.
The crypto trading platform has made this decision because such currencies do not meet the requirements of the Financial Action Task Force (FATF).
In June the FATF published a crypto guide in which it established that all crypto trading platforms must collect data about their customers during transactions, such as the name and account number of both issuers and recipients.
As a result, privacy-focused cryptos, whose aim is actually to hide this type of information, clearly violate FATF's regulations.
It is still unknown whether OKEx plans to expand this measure to the rest of its subsidiaries.
Last week Ihodl reported that OKEx intends to give support to Hedera Hashgraph.
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