Japanese Coincheck will delist XMR, ZEC, DASH and REP in June

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The decision to remove four cryptocurrencies from the Japanese Coincheck cryptocurrency trading platform takes effect on June 18.

The Japanese cryptocurrency trading platform Coincheck reported the termination of trading with some anonymous cryptocurrencies, among which were Monero (XMR), Zcash (ZEC), Dash (DASH), Augur (REP). Information on this is posted on the official Coincheck blog on May 18.

Information that the exchange plans to succeed from the quotation list of cryptocurrencies with a high level of confidentiality appeared in March 2018, and only at the end of May, the trading platform confirmed its decision, which comes into force on June 18. The undertaken measures of crypto-exchange are connected with the observance of rules of trading activity in the territory of Japan, issued by the regulating authorities of the country this month.

Since Japanese Coincheck was under hacker attack, which is now considered one of the largest in the history of the detachment, the Financial Services Agency (FSA) demanded to strengthen security measures. One of such measures could be the delisting of cryptocurrencies which in some way may be connected with money laundering and illegal activities.

As part of its efforts to prevent theft of funds, the FSA has stated that officially registered exchanges will face restrictions on the trading of anonymous altcoins, as they are more difficult to track than cryptocurrencies such as Bitcoin (BTC). In the official statement of the exchange posted on the site, it is noted that the target crypto-coins will be sold at a market price and converted into a Japanese yen.