![]() This makes regulation incredibly difficult. Upcoming legislation in the European Union will even target such transactions.īut a bulk of private transactions in crypto, especially through self-custodial wallets, are almost untraceable without some inside information. Regulators argue that private transactions are a festering ground for money laundering and illegal transactions. Litecoin’s addition of confidential transactions has also subjected it to increased scrutiny from several exchanges. While Binance has denied the allegations, it has raised the question of how much privacy is right in crypto. Binance faces scrutiny over illegal transactionsīinance’s move to drop Litecoin support comes shortly after the exchange was accused of allowing over $2.3 billion worth of illegal transactions on its platform. Major privacy coins such as Monero (XMR) and Zcash (ZEC) are banned in several countries due to their anonymous transactions. The move represents apprehension among centralized crypto exchanges to completely anonymized tokens, or privacy coins. The exchange will terminate all support for LTC by June 20. Upbit, South Korea’s largest exchange, said the move was intended to protect investors. Several major South Korean exchanges had withdrawn support for Litecoin after the update. Binance Will Support the Fetch. Visit the Binance.US homepage and click on your profile as shown below and then. As a Binance.US user, you can use BNB to pay for trading fees for an even bigger discount. ![]() We are proud to have some of the lowest fees in the industry. While Binance is so far the largest exchange to drop support for the MimbleWimble update, it is far from the first. The Advanced Verification process will allow you to deposit up to 5,000 and withdraw up to 1,000,000 in crypto. This Level Remains Critical For Ethereum Price Next Round Of Action Here's Why Altcoin News Binance the latest exchange to object to Litecoin’s MimbleWimble
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