Litecoin may be removed from Bithumb and Upbit exchanges

A recent update to the Litecoin network called MimbleWimble (MWEB) has made it more private. In this connection, two South Korean exchanges immediately announced the possible delisting of this asset from their platforms.

The largest exchanges in South Korea, Bithumb and Upbit, have warned their users that they work in the legal field and do not plan to violate the legislation relating to digital assets.

Since the Litecoin (LTC) cryptocurrency has become less transparent after the MWEB update, trading it on platforms can be dangerous for users. Because there is a threat of money laundering.

As a reminder, the MimbleWimble update was activated on the Litecoin mainnet on May 20. This made the digital asset more scalable and private.

For example, the update made it possible to hide entry and exit addresses (recipients and senders of funds), as well as to combine many transactions into one.

The delisting of LTC from two major exchanges may have a negative impact on the value of the asset. True, so far the official date for the removal of the asset from the sites has not been named. Also, other major exchanges, such as Korbit and Coinone, did not report a similar opportunity.

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