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Bithumb revised regulations and delisted Dark Coin according to the amendment to the Specific Financial Information Act

12th. In accordance with the implementation of the amendment to the Specific Financial Information Act, Bithumb changed the law to designate investment-related stocks, and Dark Coin was delisted.

Bithumb has added additional regulations to the existing policy for designating investment-provided stocks.

The contents of the newly established regulations are as follows.

▲ Issue 3. When virtual assets violate regulations and laws of government agencies

▲ Issue 4. Intentional concealment of matters that may negatively affect the market price of virtual assets

▲ No. 9. In case the market price of the virtual asset is affected by the rapid business change of the foundation

▲ No. 10. Or if it is similar to the reason for each item above

The revised policy took effect at 3 pm on the same day.

Bithumb announced that it will delist’Dash, Pivex, and Jet Cash’ in preparation for the specific financial information law that will take place on the 25th. The coin will end at 3 pm on the 24th, and withdrawals will be disabled from 3 pm on the 21st of the following month.

Dash, Pivex, and Jetcash, which will be delisted this time, are all privacy coins that protect transaction anonymity. According to the Enforcement Decree of the Specific Financial Information Act announced in November of last year, virtual asset providers such as exchanges cannot handle virtual assets with high risk of money laundering because it is difficult to understand transaction details such as dark coins.

On the other hand, last year, when the N-Room incident became a hot topic, Bithumb suffered once by withdrawing the privacy coin, which was used as an entrance fee to the Telegram chat room, the latest.

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