Coincheck FSA Removes DASH, Monero and Zcash

Coincheck FSA Removes DASH, Monero and Zcash
Coincheck FSA Removes DASH, Monero and Zcash

Japan-based Coinheck recently announced that they will remove three crypto-based currency with the most controversial cryptographic money exchanges. The Coincheck Stock Exchange has been home to the biggest crypto money fiasco of the past months. The stock market took this decision with financial developers after the $ 500 million NEM heist.

According to Karara, from June, Dash, Zcash and Monero will no longer be able to trade in Coincheck. The crypto currencies to be released from stock at Augur next month. Coincheck has confirmed that financial regulators have removed these cryptographic currencies at will.

It has been confirmed that the four crypto currencies will be removed on June 18th.

Dash, Zcash, Monero and Augur will still be reflected in their portfolio in the history of taking out the stocks from the yen, while the funds of investors found in these crypto currencies will be translated into Japanese yen. Before this date, Coincheck may sell the crypto money that the customers will delist or transfer to another stock exchange. Coincheck also noted that these operations could take several days.

Coincheck had such a decision after his order from the Financial Services Authority of Japan (FSA) on March 8th. Coincheck last month sold $ 33.5 million Monex Group management. Coincheck will continue to support NEM crypt money in Bitcoin, Ethereum, Ethereum Classic, Lisk, Bitcoin Cash, Ripple, Factom and surprisingly.

It has been announced that in accordance with FSA orders, internal control and management mechanisms, as well as customer protection strategies, will be reviewed.

It is very important for us to improve our management systems, to prevent money laundering and terrorism financing in the future.

Japanese media giant Nikkei has announced that the Financial Services Authority has set new criteria for crypto money exchanges. One of them is to ban the crypto money, which provides a high degree of anonymity, to prevent money laundering. FSA has published these criteria not only for Coincheck, but for all cryptographic money exchanges in Japan.

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