Huobi, once one of the largest Chinese cryptocurrency exchanges, will delist a number of privacy-focused tokens including Zcash and Monero amid rising regulatory concern worldwide.
“Huobi Global strictly complies with the compliance policies of every country and always endeavors to safeguard our users’ assets,” the firm said in a statement dated Sept. 11. The tokens that were delisted on Sept 19 include Zcash, Monero, Dash, Decred, Firo, and Verge.
Unlike Bitcoin or Ether, privacy tokens such as Monero are designed to avoid tracking. Privacy is a key objective of many crypto proponents, however, there have been increased regulatory concerns in the digital-asset privacy sector.
Does this mean that decentralized exchanges will become more popular? Or they can be also forced to delist coins? And what will happen to the privacy coins market and who's next?