Major Chinese crypto exchange Huobi will delist Zcash, Monero and other privacy coins!

9/12/2022, 08:53 PM
Major Chinese crypto exchange Huobi will delist Zcash, Monero and other privacy coins!
The delisting of certain privacy-focused tokens by Huobi, one of the largest cryptocurrency exchanges, amid rising regulatory concern worldwide highlights the compliance policies of the company and the risk associated with digital-asset privacy tokens.

Huobi Global strictly complies with the compliance policies of every country and always endeavors to safeguard our users’ assets, the firm said in a statement dated Sept. 11. The tokens that will be delisted on Sept 19 include Zcash, Monero, Dash, Decred, Firo, and Verge.

Unlike Bitcoin or Ether, privacy tokens such as Monero are designed to avoid tracking. Privacy is a key objective of many crypto proponents, however, there have been increased regulatory concerns in the digital-asset privacy sector.

The US Treasury Department’s Office of Foreign Assets Control accused Tornado Cash, a project to mask crypto transactions, of laundering more than $7 billion of tokens since it’s created in 2019. The agency sanctioned not only digital wallets associated with Tornado Cash, but code running on blockchains known as smart contracts.

The deposit service for DASH, DCR, FIRO, XMR, XVG, ZEC, and ZEN will cease at 08:00 (UTC), Sept 12, 2022. But the withdrawal service continues to function. Huobi Global has already ended trading services for the privacy tokens of DASH, DCR, FIRO, XMR, XVG, ZEC, and ZEN in futures, margin, ETP, OTC, and Trading Bot. Please stay tuned for the latest announcements.

Huobi recently secured a license from the financial watchdog in the British Virgin Islands to operate a crypto exchange there. Due to the delisting of the NEO/HUSD trading pair, the Crypto Loan option has been closed. No crypto loan orders will be affected.
All users were aksed to cancel their pending orders of the above trading pairs in a timely manner. Once the trading pairs are removed, the pending orders will be canceled automatically, and those assets will be returned to your Exchange account.

The official statement can be found on