Privacy Coins Drop as OKX Exchange Suspends Trading
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Privacy tokens Dash, Monero, and ZCash dropped significantly as major exchange OKX said it will suspend trading of their pairs on January 5th.
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OKX did not explicitly state it was delisting the tokens due to their enhanced privacy features, but many fall into that category.
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Privacy coins obscure the flow of money to preserve anonymity of transactions.
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Regulators typically do not approve of privacy coins due to the difficulty in tracking financial activity.
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The article was updated to include a description of what privacy coins are in the last paragraph.