Two exchanges have issued investment warnings about litecoin after a privacy update that allows transfers to be made confidentially.
today. The other two large Korean exchanges, Korbit and Coinone, haven't made any announcements as yet.
The two exchanges pointed to Korea's Act on the Reporting and Use of Specific Financial Transaction Information, a policy that requires crypto exchanges to implement know-your-customer and anti-money laundering procedures. Korean exchanges tend to delist tokens after making such warnings. Litecoin was launched in 2011 as one of the earliest rivals to bitcoin. It's the 18th largest crypto token by value, with a market cap of more than $5 billion, according to CoinMarketCap. The network introduced Mimblewimble, an idea
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