Huobi delisting XMR and these coins permanently – Katoch Tubes

Huobi delisting Privacy coins

What is Huobi?

Founded in China in 2013, Huobi is Seychelles based cryptocurrency exchange.  In 2018 it became a public company in Hong Kong.

What's the news?

Huobi will delist seven cryptocurrencies due to regulatory pressure on anonymity-enhanced currencies.

The delisted Currencies

These are private coins i.e Dash, Decred, Firo, Monero, Verge, Zcash  & Horizen

Why these coins?

Its because these privacy coins, does not support offline signatures, or its node source codes are not open-sourced

The Deadline

All these tokens will be delisted on Sept 19th while the deposits have already been ceased.

Why this move?

Huobi is planning to enter the global markets & the private coins comes under intense scrutiny by regulators. Hence it removed it from the system

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