OKEx Korea, the global cryptocurrency exchange, will end support for trading Dark Coin.
On Sep 11, Okex Korea announced through its official Announcements, that they will delist those so called dark coins in the industry such as 'Monero (XMR)', 'DASH', 'ZCASH', 'Horizon (ZEN)', 'Super Bitcoin (SBTC)'. In June, the UNFFA recommended to end Dark Coin's support, which cannot confirm the information of the sender and receiver.
Earlier, on September 9, Korean cryptocurrency exchange Upbit also offcially annoucned that they will be delisting “'Monero (XMR)', 'DASH', 'ZCASH', 'H Haven' (XHV), 'Beat Tube' (TUBE).
One of the officials of Okex Korea said, “If the transaction support of a specific cryptocurrency violates the law or the regulations and policies of government agencies and major institutions,then we should end of the transaction suppor in order to fully follow a Travel Rule."
According to the travel rules of the FATF Recommendation, cryptocurrency dealers must collect and retain the sender and receiver information required to send and receive cryptocurrencies, and be able to provide relevant information immediately when requested by government authorities.
In addition to Dark Coin, Okex Korea is taking measures to some cryptocurrencies which do not meet the criteria in accordance with the criteria for internal listing and delisting. Earlyt this year, 2019, They have announced the end of transaction support for some cryptocurrencies, such as SUB, SALT, and Etherland, which failed to meet internal audit standards.