South Korean cryptocurrency exchange Korbit announced the decision to delist five cryptocurrency tokens: we are talking about Kinah with increased anonymity Dash, Monero, zcash for, Augur and Steem.
Currently, all listed crypto-currencies available for exchange through the service “Other digital assets” (Other Digital Assets).
“We will bid farewell to the “Other digital assets” through a phased termination of the functions of purchase and sale for the following coins: Dash (Dash), Monero (XMR), zcash for (ZEC), Augur (REP) and Steem (STEEM),” wrote representatives of the exchange.
They explained that the function of purchasing of the following five cryptocurrency will be locked “after 15:00 28.05.2018”, and the function of sale — “after 15:00 21.06.2018”. However, it is likely that some of all coin can be subsequently returned to the exchange.
“We strive to promote a safe trade a larger number of cryptocurrencies, but we have yet to determine the date of resumption of trading, with the participation of the affected coins. We advise you to protect their interests by selling cryptocurrencies or by withdrawal”, the message reads Korbit.
Thus, after 21 June, users will be able to continue operations using digital currencies on a regular basis are supported by the exchange, namely BTC, XRP, ETH, BCH, ETC, LTC and BTG.
Representatives Korbit did not explain her motives when deciding about delisting anonymous token, restricting only mention that the exchange is “fully committed” concept to build a “more secure space” for cryptocurrency trading.
It is noteworthy that in recent times has not received any information about the pressure from South Korean regulators. As you know, with the requirement to block anonymous cryptocurrencies appealed to the local exchange regulator Japan.
After January, there was a hacker attack on the stock exchange Coincheck, a Japanese financial services Agency (FSA) has strengthened the oversight of the cryptocurrency exchanges, setting new criteria for registration, including requirements for digital currencies traded on the exchange.
“To crypto-currencies that offer the highest level of anonymity and can easily be used to launder money, as a General rule will be a ban,” reported the Japanese newspaper Nikkei.
Subsequently for delisting of such cryptocurrencies, including DASH, XMR, ZEC and REP, announced the exchange Coincheck: information that the exchange will cease trading Monero, zcash for and Dash, appeared in March, presumably after receipt of the decision of the regulator, may 22 representatives issued an official statement, from which it became known that the specified token was joined by REP.
It should be noted, token STEEM not traded on Coincheck. As for Korbit exchange 8 may, issued a statement:
“As a result of external problems, the withdrawal of funds in respect of STEEM suspended indefinitely”.
All in all, the South Korean stock exchange, might seem surprising on the news that the government of Korea, despite the ongoing investigation against kryptomere, currently leaning to the weakening of the regulatory measures.