OKEx South Korea to Review Decision to Delist ZCash and Dash

OKEx Korea cryptocurrency exchange has suspended the process of withdrawing from the auction two coins with a focus on user privacy. In particular, ZCash and Dash will undergo additional study, reports CoinDesk with reference to the statement of the exchange.

At the same time, the decision regarding Monero, Horizen, and Super Bitcoin, which OKEx Korea reported delisting in September, remains in force and is effective from today.

The final decision on ZCash and Dash will be made after checking these coins for compliance with legal standards.

Is Monero, Dash, Zcash and other anonymous cryptocurrencies waiting for mass delisting, and what should I prepare for? https://t.co/6NRQHU4N5w #Dash #Monero #ZCash # regulation pic.twitter.com/wkHn8IUBnP

– BlockchainJournal (@BlockchainJournal) October 7, 2019

Electric Coin, a Zcash development company, noted that it had been in dialogue with OKEx almost immediately since the announcement of the delisting of the coin.

“ZCash fully complies with all FATF recommendations, including the data transfer rule. We work with OKEx and other participants in the cryptocurrency industry in South Korea and are happy to know that the exchange decided to allocate additional time to explore the possibility of maintaining ZCash support based on new information, ”said Josh Swiheart, vice president of marketing for Electric Coin.

Representatives of Dash also welcomed today's decision by OKEx Korea, adding that they would continue to educate and educate themselves in the hope that it would remain valid forever.

Good news from @OKEx Korea! They are doing further research on Dash and Zcash, and have delayed the previously announced delistings. We want to thank them for working with us and will continue our education efforts to make this permanent. https://t.co/vPQqI4qyqC

– DASH (@Dashpay) October 10, 2019

Recall that OKEx Korea explained its decision to stop supporting anonymous cryptocurrencies by the fact that they did not allow it to comply with the requirements of the FATF, which had previously obliged bitcoin exchanges and other cryptocurrency service providers to follow AML procedures by analogy with traditional financial companies.

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