We Play Coins

Upbit pulls privacy coins from listing

Upbit pulls privacy coins from listing
By We Play Coins
Added on Sep 21, 2019

Upbit pulls privacy coins from listing after recent changes in international law. According to a notice on the website, the exchange will not be listing any privacy cryptocurrencies on the exchange.

Upbit, a South Korea based exchange, has followed multiple other exchanges and pulled privacy focused cryptocurrencies from their listings. The policy was made after the recent changes in international law to combat money laundering.

If you have these cryptocurrencies, consider moving them or exchanging them: Monero, Dash, Zcash, Haven, Bittube and PIVX.

From the Report

We are announcing the end of market trading support for XMR, DASH, ZEC, XHV, TUBE, PIVX.
These Crypto-Assets will cease trading support at 2019.09.30 11:00 within 10 days of publication on this bulletin, in accordance with the Upbit Crypto-Asset end of support policy.
We do not support the deposit of these crypto-asset at this time, so please do not deposit.

Common notes about ending trade support

The end of trading support of crypto-asset is subject to the Upbit crypto-asset end of support policy.
:Upbit crypto-asset end of support policy
These 6 Crypto-Assets will cease trading support at 2019.09.30 11:00 within 10 days of publication on this bulletin, in accordance with the Upbit Crypto-Asset end of support policy.
At the end of transaction support, orders (buy / sell) requested before the end of the transaction support in KRW, BTC, ETH and USDT markets will be canceled

Reason for end of transaction support

There are also crypto-assets that can selectively utilize anonymity features among projects that are subject to end of transaction support. For these crypto-assets, Upbit has only supported transparent withdrawal/deposit support.
Nevertheless, the decision to end trading support for the crypto-asset was also made to block the possibility of money laundering and inflow from external networks. Upbit will continue to consider crypto-asset that represent anonymity functions as candidates for designation of investment warning crypto-asset.

End of Market Transaction Support by Crypto-Asset
1) Monero(XMR)

Market : XMR/BTC, XMR/ETH, XMR/USDT
Expected end of support date/time : 2019.09.30 10:00 (SGT)

2) DASH(DASH)

Market : DASH/BTC, DASH/ETH, DASH/USDT
Expected end of support date/time : 2019.09.30 10:00 (SGT)

3) ZCASH(ZEC)

Market : ZEC/BTC, ZEC/ETH, ZEC/USDT
Expected end of support date/time : 2019.09.30 10:00 (SGT)

4) Haven(XHV)

Market : XHV/BTC
Expected end of support date/time : 2019.09.30 10:00 (SGT)

5) Bitube(TUBE)

Market : TUBE/BTC
Expected end of support date/time : 2019.09.30 10:00 (SGT)

6) PIVX(PIVX)

Market : PIVX/BTC
Expected end of support date/time : 2019.09.30 10:00 (SGT)
*At the end of transaction support, orders (buy / sell) requested before the end of the transaction support in KRW, BTC, ETH and USDT markets will be canceled
*Depositing these crypto-assets are not currently supported. Please never deposit these crypto-assets.
*Crypto-asset deposited after the end of the transaction support announcement will be reflected on Tuesday, 2019-10-01 after the end of the transaction support.
*Even if the support of the crypto-asset ends, it will support withdrawal for 30 days (~ 2019.10.19) from the end of the transaction support notification based on Article 18, Paragraph 5 of the Upbit Terms and Conditions.

Members who need to withdraw the crypto-asset must proceed withdrawal until 2019.10.19.
We will always do our best for your safe transaction.