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Bittrex announced on December 29 that its exchange will remove the US markets for the three largest privacy coins by market capitalization on January 15, 2021.
In the post, Bittrex said it is giving users up to 30 days to withdraw their coins:
“Once markets are removed, Bittrex typically seeks to provide users with up to 30 days to remove the removed tokens from the list, but in some cases the removal time can be shortened. Users must withdraw all tokens by the posted withdrawal deadline. “
While a reason for the delisting was not announced in the post, Larry Cermak, research director at The Block, speculated that the delisting was in response to recent discussions about the pressure due to the AML regulations recommended by the FATF (Financial Action Force Intervention).
This is probably the first reaction of an American exchange with the FATF. We have seen similar actions on the delisting of South Korea’s privacy exhibits. If true, other US stock exchanges will follow https://t.co/vSizDJjMC8
– Larry Cermak 🟨 (@lawmaster) January 1, 2021
In response to the ad being shared by the Bittrex Twitter account on Friday night, the prices of Monero, Zcash and Dash all fell by around 7-10%.
This story is still in development …
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