{"id":17100,"date":"2019-09-17T00:00:00","date_gmt":"2019-09-17T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/the-malta-based-cryptocurrency-exchange-okex-is-delisting-all-five-privacy-coins-as-these-violate-fatf-travel-rule\/"},"modified":"2023-08-30T09:08:31","modified_gmt":"2023-08-30T09:08:31","slug":"the-malta-based-cryptocurrency-exchange-okex-is-delisting-all-five-privacy-coins-as-these-violate-fatf-travel-rule","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/the-malta-based-cryptocurrency-exchange-okex-is-delisting-all-five-privacy-coins-as-these-violate-fatf-travel-rule\/","title":{"rendered":"The Malta-based cryptocurrency exchange OKEx is Delisting All Five Privacy Coins as These Violate FATF Travel Rule"},"content":{"rendered":"
According to a blog post<\/strong> on the official website of OKEx<\/a><\/strong>, the Korean branch of the exchange announced the end of support for privacy-focused coins that was listed on the exchange. From Oct. 10, the exchange will no longer support trading in Monero (XMR)<\/a><\/strong>, Dash<\/a><\/strong>, Zcash (ZEC)<\/a><\/strong>, Horizen (ZEN)<\/a><\/strong> and super bitcoin (SBTC). However, withdrawal services will stop on Dec. 10, 2019. The reason behind this move is that these coins violate the Financial Action Task Force (FATF) travel rule.<\/p>\n The blog post reads:<\/p>\n According to the statement in FATF R.16, OKEx Korea has restricted the implementation of the ‘travel rule’ as it is recommended that exchanges be able to collect relevant information such as the name and address of the sender and recipient of the virtual asset. Privacy-oriented cryptocurrency, aka that ‘the dark Coin’ has decided to take the deal end-of-support measures of the corresponding event.<\/span><\/p>\n<\/blockquote>\n FATF<\/a><\/strong>\u2019s much-debated travel rule requires virtual asset service providers (VSAPs) and crypto exchanges to collect and transfer customer information during transactions.<\/p>\n <\/a><\/p>\n\n