Adsby Terence ZimwaraFive South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. The exchanges argue that the upgrade has made litecoin transactions anonymous, which is against the country’s laws. In May, a statement from the Litecoin team said the “highly anticipated” MWEB upgrade had been activated. However, as a result of this upgrade that has seen LTC being labeled a dark coin, users in South Korea cannot trade the crypto asset using the won currency on these exchanges. Nevertheless, the News1 report said the exchanges have resolved to continue supporting LTC withdrawals for at least a month.

Source: CBC News June 13, 2022 05:07 UTC