The crypto exchange Bittrex announced today that it will be removing Monero (XMR), ZCash and Dash privacy coins on Friday, January 15 at 11:00 p.m. UTC.
The Bermuda-registered exchange didn’t provide a reason for the write-offs, but all three are privacy coins – a class of cryptocurrencies that offer untraceable transactions. Monero is private by default, and ZCash and Dash have an option for private transactions.
Privacy exhibits come under close scrutiny by regulators, who see them as facilitators of illegal activity. Darknet Marketplace White House Market, for example, only accepts Monero transactions due to its privacy features; it is easier to track Bitcoin transactions.
Bittrex cites “changing regulatory standards and other compliance issues” among its reasons for removing tokens from the list.
Earlier this week, Bittrex was one of several exchanges to delist XRP after the United States Securities and Exchange Commission filed a lawsuit against the creators of XRP for raising $ 1.3 billion in sales of unregistered titles in progress. Ripple, the company named in the lawsuits, denies the allegations.
