Japanese Exchange Coincheck to Delist Monero, Zcash, Dash and Augur

One of largest exchanges in Japan announced that they will be Delisting Monero(XMR), Zcash(ZEC), Dash(DASH) and Augur(REP) as they received a business improvement order from the Japanese regulators.

The Delisting is scheduled on June 18th. However, BTC, ETH, ETC, LSK, FCT, BCH, XRP, XEM, and LTC will still be supported

Coincheck was hacked in January this year of a whopping $523 Million worth of NEM Tokens at the time which was one of the largest hacks after Mt.Gox and this has prompted the Japanese FSA (Financial Services Agency) to take extra measures to protect the investors.

Coincheck mentions:

As a part of this review, based on the fact that it is necessary to further develop and strengthen the management system of AML / CFT in the future, we deem that it is not appropriate for us to deal with currencies that are of little concern, We revalidated various risks based on the characteristics of As a result, the following currency handling will be abolished.

The Japanese regulators also came up with criteria that the Crypto Exchanges have to comply with. One of the rules in the list said: “Those granting a high level of anonymity and easily used for money laundering will as a general rule be banned,”

Coincheck was acquired by Monex group. They are also planning to expand to the US markets.

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