Altcoin News: OKEx Suspends Zcash and Dash Delisting Process
October 11, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
The South Korean division of the OKEx cryptocurrency exchange has temporarily suspended the delisting process of two private assets, CoinDesk writes.
As the exchange said this Thursday, the decision to end support for ZCash and Dash was postponed for further consideration.
In September, OKEx Korea announced that it will delist the cryptocurrencies mentioned above, as well as Monero, Horizen and Super Bitcoin, as they make it difficult to collect and transmit user data in accordance with the requirements of the Financial Anti-Money Laundering Measures Development Group (FATF). At the same time, Monero, Horizen and Super Bitcoin are still subject to delisting and were removed from the platform yesterday on October 10. The final decision on ZCash and Dash will be issued upon completion of verification for compliance with legal standards.
Josh Swihart, vice president of marketing for Electric Coin Company, a ZCash development company, said the firm has worked with OKEx since the announcement was published in September.
“Zcash is entirely compatible with all FATF recommendations including the travel rule. We’ve been working with OKEx and others in S. Korea and happy to hear that OKEx has decided to take additional time to further evaluate Zcash support based on newly available compliance information,” he said.
Coinbase previously eliminated access to Zcash for customers in its UK division. Later, a similar decision was made by the South Korean exchange Bithumb.
Author: Marko Vidrih
