Major South Korean Crypto Exchanges Open the Door to Litecoin Delisting

South Korean cryptocurrency exchanges Bithumb and Upbit have issued warnings to users regarding Litecoin following the MimbleWimble Extension Block update, which was activated last May 20.

On that date, the Litecoin mainnet activated a protocol with wide scalability and increased privacy which uses several technologies, including confidential transactions and CoinJoin, which hides the inputs and outputs of senders and recipients, and combines many transactions into one.

According to the exchanges, they operate in accordance with local laws, and they require the implementation of measures to combat money laundering and the financing of terrorism.

Bithumb has said that its policy is to delist an asset if it “violates laws, government or financial regulations.” In addition, Upbit has made a similar statement.