Bittrex delists privacy coins, Antonopoulos terms this an attempt at ‘financial surveillance’

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“The delisting of privacy coins from regulated exchanges was the inevitable escalation in government attempts towards totalitarian financial surveillance.”, Andreas Antonopoulos stated on Twitter, following the latest announcement from Bittrex.

The Crypto exchange announced on Friday that it will be delisting Monero (XMR), Zcash (ZEC), and Dash (DASH) on Jan 15.

While the Exchange did not cite any particular reason for the delisting, many speculated that this move may be part of a wider effort by exchanges around the world that are now delisting privacy coins in order to be more KYC and AML compliant.

However, according to the CEO of Kraken, another major crypto exchange that is also regulated, there is no pressure from a regulatory standpoint from governments at this point in time.

Jesse Powell stated,

“Haven’t heard of anything on the regulatory side. Presumably, it’s something specific to their business.”

In fact, a closer examination of Bittrex trading volume reveals that the exchange has a significantly low share in volume of all these coins.

If the de-listing of these privacy coins was indeed due to reasons specific to Bittrex alone, and other exchanges…

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