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Coincheck Delist Monero, Dash and Zcash

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One of the largest Japanese exchanges, Coincheck, announced the delisting of anonymous cryptocurrencies – Zcash, Dash, and Monero. The site administration explains this decision was made by the necessity to follow the regulator’s instructions. The FSA Agency of Japan sent orders to the trading platforms to take measures to improve the quality of services provided. In particular, it requires compliance with the legislation requirements in terms of combating money laundering. The trading in pairs with these coins will be terminated on June 16th. Until then, the exchange users must withdraw the assets in these currencies or exchange them for other coins presented on the platform. It also became public that Coincheck plans to delist Augur.

The first news about the possible delisting of “anonymous” cryptocurrencies by Japanese exchanges we made in April. It was caused by the requirements of the Japanese regulator, the FSA agency. Officials tightened requirements for trading platforms operating in the Japanese market, after hacking Coincheck at the beginning of the year, when scammers managed to steal a large amount of funds in cryptocurrency. Measures taken by the regulator are aimed at protecting the assets of exchange’s users and reducing the risk of such hacking attacks.

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