Huobi Global, a well-known cryptocurrency exchange, announced on Monday that it would delist seven privacy tokens starting next week due to increased regulatory scrutiny of these tokens. “Huobi Global strictly complies with the compliance policies of every country and region and always endeavors to safeguard our users’ assets,” the exchange, one of the largest in the world, said. A variety of privacy tokens, including Dash (DASH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC), and Horizen (ZEN), had their trading services terminated, according to the exchange. These coins will delist on September 19, with deposit services ceasing on Monday to coincide with the announcement. The firm has asked its users to cancel any open orders for the privacy coins. The exchange will cancel any orders already in progress and credit users’ spot accounts when the privacy coins delisting concludes. Efforts By Huobi Global Huobi stated that it has attempted to abide by the compliance rules in more than 100 countries where its services are available. The release mentioned the company’s attempts to comply with recent financial standards in conjunction with the Token Management Rules. Following Article 17(16) of its rules list, which handles “trading concealment or suspension,” Huobi Global is authorized to hide or halt token trading under the following conditions. Clause 16 specifically mentions privacy coins: “The token is a pr...
