Upbit, one of South Korea's largest crypto exchanges, has warned users it will delist LTC on June 20.
Users can withdraw funds from the platform until that date.
Upbit has reportedly asked the Litecoin Foundation for more information on the MimbleWimble protocol and has conducted its own analysis. The exchange has highlighted:
"It is determined that the update includes a choice of an option that allows users to not disclose transaction information."
According to Upbit representatives, this violates South Korean law.
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Last May 20, the Litecoin mainnet activated a protocol with wide scalability and increased privacy. This uses several technologies, including confidential transactions and CoinJoin, which hides the inputs and outputs of senders and receivers, and combines many transactions into one.
After that, Bithumb announced the possibility of delisting LTC. Coinone, Korbit and Gopax have reportedly made a similar decision.
Elliptic has previously added to its platform transaction tracking tools on the Litecoin blockchain after the activation of MimbleWimble.