Pressure to ‘remove privacy altcoins’ on cryptocurrency exchanges in Japan

Japan’s Financial Services Agency (FSA); pressures local cryptocurrency exchanges to delist privacy-focused altcoins such as Monero, Zcash, and Dash.

According to Forbes, the FSA is trying to reduce support for altcoins that enable users to trade anonymously. It is taking all available steps to put pressure on trading platforms.

The FSA claims that cryptocurrencies, which are often harder to track than Bitcoin, have become too closely linked to the underworld.

FSA “It should be seriously discussed whether crypto exchanges should be allowed to use these currencies,” said a member of a crypto working group sponsored by .

There is currently no official ban on anonymous trading of cryptocurrencies. However, the FSA seems to have had some success in its battle with privacy-centric altcoins.

Coincheck quietly removed Monero

CoinCheck, which was the victim of the January hack and was subsequently acquired by Monex quietly removed Monero and two little-known altcoins from the exchange.