Bittrex Takes Drastic Action

[Noorealamhimo]

News of the delisting was shared via the company’s blog this week, though no reason was given for the decision.

All three tokens are often described as privacy-preserving crypto coins. Unlike Bitcoin and other cryptocurrencies, privacy coins keep transaction amounts and addresses hidden.

Some have speculated that the delisting is a response to regulatory pressures. In particular, the Financial Action Task Force (FATF), announced new anti-money laundering measures last month, which may have led Bittrex to delist the three coins.


SIMETRI
Bittrex notes that trading will close at 18:00 Eastern Time on Jan. 15. Users will have up to 30 days to withdraw their assets, though “in certain instances the withdrawal period may be shortened.”

The three coins have taken a significant price hit since the news attracted wider attention this afternoon. XMR and ZEC are both down about 9.5% over the past 24 hours, while DASH is down 8.9%.

 

[sincerem]

They needed to delist those privacy coins out their Cryptocurrency list via their site. Since the financial action task force (FATF) has warned about money laundering activities going on around the private coins. Base on how hidden its transactions and address are kept. Too many warnings have been made concerning this kind of coins that attract fraudulent activities around it. I think it's a wise choice taken by the bittres exchanger platform to halt those coins activities on their website in order to abide by the order given by the government of the federation.