Weather is going to be a cryptobeurs a whole range of privacymunten deleted due to the recent regulatory requirements of the international organization, the Financial Action Task Force (FATF). It’s going to be the South Korean stock exchange Upbit.
As Per the 30th of september and will stop trading for the privacymunten: Monero (XMR), Dash (DASH), Zcash (ZEC), the Port (XHV), Bittube (the TUBE), and Pivx (PIVX).
Contents
Money laundering
Upbit was announced at the beginning of september, an examination of the six privacymunten. The central question is: does the privacymunten to meet the requirements of the FATF guidance?
One of the guidelines is that in exchange for their klantendata the authorities will have to provide it on request.
A privacymunt, it is possible for the receiver to figure it out. The authorities want to make sure that more of the criminals with their money laundering through the cryptobeurzen.
We are going to Monero (XMR), Dash (DASH), Zcash (ZEC), the Port (XHV), Bittube (the TUBE), and Pivx (PIVX) is no longer supporting it. We recommend that you do not include balances of such cryptovaluta money.
Upbit
OKEx
Upbit is not the only stock exchange that is engaged in the delisten of privacymunten. OKEx, Korea will remove its privacymunten of her purse. By the 10th of december, it is not possible to use the funds in Monero (XRM), Zcash (ZEC) and the Dash (the DASH).
What is the reason? Specifically, this concerns the violation of the “travel rule,” which is the Financial Action Task Force (FATF) requires that exchange marts.
This is a global organization in the fight against money laundering in June its recommendations for the regulation of bitcoin and other cryptovaluta is complete. The netherlands has also been a member of this organization.
The “travel” rule which means that in exchange for their klantendata collection and the transaction and transmit it to the authorities. According to the OKEx ” is the privacycoins is not possible to meet this requirement. At the moment there is no software available to access the secure transaction message.
Hodl Hodl what you want
The point of view of the unique exhibition stands in direct contradiction to the laws and regulations in the European union member states.
Hodl Hodl does not have to be a ” know-your-customer (KYC)-audit and for that, they didn’t intend to, as they explain in a recent interview with Coindesk.
The exchange, however, is that they do not comply with this law, the need to comply with. They do not bitcoin or fiat, is fixed to the platform.
Hodl Hodl is the software publicly on Github, so that anyone can peer-to-peer bitcoin exchange, at any time, may be impossible. In this case, an instance is the stock market closed, or out of town.
The exhibition offers an escrow service, with the vendor of BTC to lock in a multi-signature smart contract until the purchaser gives its consent to send.
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