Personal privacy tokens rush (DASH), monero (XMR) and ZCash (ZCH) plunged as much as 10% as popular crypto exchange OKX stated Friday it will delist their trading sets on Jan. 5.
“Based on feedback from users and the OKX Token Delisting/ Hiding Guideline, we will be delisting a number of trading sets that do not satisfy our listing requirements,” OKX composed on its site.
While OKX did not clearly state it was prohibiting the tokens since they use boosted personal privacy for deals, a number of those noted fall under that classification.
Personal privacy coins are cryptocurrencies that protect privacy by obscuring the circulation of cash throughout their networks. They make it challenging to exercise who sent what to whom– which works if you do not desire anybody sleuthing on your monetary activity– and are not popular with regulators
UPDATE (Dec. 29, 09:55 UTC): Includes description of personal privacy coins in last paragraph.
Modified by Sheldon Reback.