Alapt

Cryptocurrency news

ShapeShift removed the Monero and Dash cryptocurrencies from the listing

ShapeShift removed the Monero and Dash cryptocurrencies from the listing

ShapeShift cryptocurrency exchange has delisted anonymous cryptocurrencies Monero and Dash. The reason for this decision could be the growing attention of regulators to confidential crypto assets.

According to a representative of ShapeShift, the anonymous cryptocurrencies XMR and DASH were delisted on the trading platform. The exchange did not warn users about the exclusion of cryptocurrencies from the listing in advance and did not make an official statement about this.

ShapeShift does not specify whether the delisting of the coins was carried out as part of the reorganization of business processes or at the request of regulators. The exchange’s founder and CEO, Erik Voorhees, said:

“We decided to delist Monero a few months ago, but I can’t comment further on this right now.”

Regulators are increasingly interested in anonymous cryptocurrency transactions. According to the latest Europol report on the assessment of threats to organized crime on the Internet for 2020, anonymous cryptocurrencies and wallets with privacy features were recognized as “major threats”.

We also recall that last month, the US Internal Revenue Service (IRS) selected Chainalysis and Integra FEC to create tools for tracking transactions of the anonymous cryptocurrency Monero and second-level protocols.