Join the larget crypto conference of 2022 in Bitcoin

Korean crypto exchanges may delist Litecoin

0
(0)
Korean crypto exchanges may delist Litecoin 7

Reportedly South Korean crypto exchanges are looking to delist Litecoin because of the introduction of privacy features in the transactions.

Litecoin (LTC) is a P2P cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or we can say an altcoin, starting in October 2011. The coding of Litecoin is same as Bitcoin and also it is based upon the Proof-of-Work Consensus like bitcoin.

On 23 May, Bithumb and Upbit crypto exchanges published its statement on Litecoin as a warning for the crypto investors, which trades or invests in Litecoin.

Bithumb exchange stated that Introduction of a new privacy feature to the transactions of Litecoin is helpful for the Litecoin users to facilitate anonymous funds transactions with full anonymity.

The Warning Statement on Litecoin was also following the similar thing on Litecoin, by the Upbit exchange.

Both of these two exchanges took the reference of the Korea’s Act on the Reporting and Use of Specific Financial Transaction Information, to prohibit the illegal fund transactions by taking the following the know-your-customer (KYC) and anti-money laundering (AML) procedures.

According to reports, there are huge chances that Korean crypto Exchanges may delist this coin soon.

Mimblewimble

Mimblewimble is a privacy focused proposal which was proposed around 2.5 years ago to introduce privacy features in the Litecoin network, so that people can use Litecoin to facilitate anonymous transactions easily.

But now it seems that Litecoin lovers may face some significant disappointment due to this news. And also Litecoin may face Significant correction in the prices.

Current price of Litecoin is $69.64 and this price is 33.5% down over the last 30 days trade price.

Korean crypto exchanges may delist Litecoin 6

At the present time, Litecoin is standing strongly in the crypto industry as the 18th ranked best coin.

Read also: Korean crypto exchanges may face legal issues because of Terra collapse

Korean crypto exchanges may delist Litecoin

 

https://bitcoinik.com/korean-crypto-exchanges-may-delist-litecoin/feed/

https://bitcoinik.com/korean-crypto-exchanges-may-delist-litecoin/feed/

 

 

 

 

Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

 

 

.Grapefruit Media

Grapefruit Media

 

Unique Meta Crypto Investing Platform

Unique Meta Crypto Investing Platform

 

PEER USDT CLUB

Peer Usdt

Create your free account here…

 

DF

df

Read more… 

Create your free account here…  

 

GOARBIT – WORLD INVESTMENT COMPANY

GOARBIT - WORLD INVESTMENT COMPANY

Read more… 

Create your free account here… 

 

SUPEREX – The most secure digital asset trading platform of the world!

SUPEREX Digital asset trading network

Read more… 

Create your free account here… 

 

SPIN2MONEY – Investing Platform

spin2money Investing Platform

Read more… 

Create your free account here… 

 

SMART PART TIME Investing Platform

 

Smart Part Time

Read more… 

Create your free account here… 

 

LIGA FIFA Betting Platform

Liga Fifa Betting Platform

fifa world cup Qatar 2022

Read more… 

Create your free account here… 

 

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.


TELEGRAM
Cryptonews24 Channel Chat