Source: Jake Chervinsky, Crypto Law & Policy Newsletter, Q1 2021 in Review.
Bittrex became the latest exchange to delist assets with privacy-preserving features, including Monero and Zcash. Bittrex didn’t give a reason for the removals, leaving the crypto world guessing as to what caused the move. Top theories included the substantial compliance costs required to offer these assets, regulatory pressure in the wake of the DOJ’s Enforcement Framework, or NSLs (national security letters) provoking the decision. Other exchanges continue to offer these assets, however—including major players like Gemini and Kraken—so the future of privacy-preserving assets may not be as grim as it appears.
Read more: Jake Chervinsky, Crypto Law & Policy Newsletter.