Some of South Korea’s largest cryptocurrency exchanges, Bithumb and Upbit, issued warnings to users regarding Litecoin (LTC) after the MimbleWimble Extension Block (MWEB) upgrade.<\/p>\n
On May 20, in the Litecoin mainnet activated the protocol<\/a> with scalable and privacy-enhancing features. It uses several technologies, including confidential transactions and CoinJoin<\/a>, which hides the inputs and outputs of senders and recipients, and also aggregates multiple transactions into one.<\/p>\n The exchanges stressed that they operate in accordance with local law, which requires compliance with anti-money laundering and counter-terrorism financing measures.<\/p>\n According to the notice<\/a> from Bithumb, its policy provides for delisting the asset if it “violates laws, government regulations, or financial authorities.” A similar statement<\/a> was issued by Upbit.<\/p>\n Among the \u201cBig Four\u201d exchanges, Korbit and Coinone have not yet issued warnings.<\/p>\n As of writing, LTC ranks 18th in market capitalization with about $5.1 billion, according to CoinGecko.<\/p>\n In June 2021, Upbit delisted<\/a> Paycoin, Maro, Observer, Solve.Care and Quiztok. In the same period Coinbit ceased trading eight \u201crisky\u201d assets and added another 28 to the list with investor warnings.<\/p>\n Earlier, several platforms halted trading of privacy-focused coins. In early 2021, the exchange Bittrex announced<\/a> the delisting<\/a> of Zcash (ZEC), Dash (DASH) and Monero (XMR). A similar move was taken by ShapeShift<\/a>.<\/p>\n In February 2022, Litecoin announced the readiness of MWEB<\/a>. In March they rolled out in the test network<\/a> a new version of the Litecoin Core client 0.21.2, which includes MWEB and Taproot updates.<\/p>\n