Okex on the other hand seems to be complying quite heavily by removing certain anonymous coins from their platform in Korea IIRC. It's not really confidence inspiring.
there's something amiss in south korea. i think they are on the verge of passing FATF-compliant regulation. upbit also delisted privacy coins from its platform and i doubt they'll be the last.
so i think it'll be jurisdiction by jurisdiction. okex confirmed they would be retaining privacy coins on their other platforms. malta (where okex's main platform is registered) seems pretty accommodating. binance just launched lending services for XMR, ZEC, and DASH.
Interesting. I thought that they would gradually phase them out on all of their platforms, but I guess it's not their plan.
Okex on the other hand seems to be complying quite heavily by removing certain anonymous coins from their platform in Korea IIRC. It's not really confidence inspiring.
They're just following the trend first started by Japan. I don't find it too shocking to see exchanges delist privacy coins. It's not that we haven't seen this coming, right? It was somewhat set in stone with how governments don't want people to utilize anything that might help people to preserve their privacy. It's only a matter of time before it becomes a globally enforced rule.
In the end, it only enhances the underlying properties of privacy coins. I never liked the idea of people buying XMR for example on an exchange they're verified at, to then use it for whatever they want to buy or whomever they want to pay. Makes little sense to me.
You're right, we have seen this coming a mile away.
My main concern was that Okex would slowly expand these delistings outside of even the countries who are stricter on regulations. But now that I think about it, if that does happen, it is likely that other exchanges will follow suit anyways so it's really a non-issue.
And yes, I think services like xmr.to will really be popular as a result.
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