"South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. South Korean platforms such as Okex have since been forced to delist several privacy coins
● The ban is in effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy coins of facilitating money laundering activities.
● It says that transactions involving privacy-oriented coins like monero (XMR) or zcash (ZEC) are hard to trace for law enforcement agencies, including the Commission itself."
https://news.bitcoin.com/south-korea-to-ban-crypto-exchanges-from-handling-privacy-coins/
● The ban is in effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy coins of facilitating money laundering activities.
● It says that transactions involving privacy-oriented coins like monero (XMR) or zcash (ZEC) are hard to trace for law enforcement agencies, including the Commission itself."
https://news.bitcoin.com/south-korea-to-ban-crypto-exchanges-from-handling-privacy-coins/