OKEx Korean arm is reviewing the decision to delist privacy coins, Zcash and Dash

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  • Zcash and Dash among other privacy coins were part of a planned halting of trading due to regulatory concerns via the FATF.
  • The decision is now being reviewed by OKEx to further evaluate support for the privacy coins. 

 

The South Korean arm of cryptocurrency exchange OKEX has halted, the delisting of two privacy coins which was due to regulatory pressure from the Financial Action Task Force (FATF). 

The notice from the exchange on Thursday, the initially planned suspension of both Zcash (ZEC) and Dash (DASH) support has been placed under review. OKEX first announced its intentions to delist five privacy coins – also including the likes of; Monero (XMR), Horizen (ZEN) and Super Bitcoin (SBTC), in September citing FATF’s controversial “travel rule” for crypto asset service providers, which sets out how national regulators must oversee the industry.

The VP of marketing and business development at the Electric Coin Company, the co-developer of Zcash,  Josh Swihart said:
 

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.

 

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