Bithumb and Upbit May Delist Litecoin After MimbleWimble Update

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Bithumb and Upbit, some of the largest crypto exchanges in South Korea, have issued warnings to users regarding Litecoin after the MimbleWimble Extension Block (MWEB) update.

The Litecoin mainnet activated on May 20 a protocol with wide scalability and increased privacy. It uses several technologies, including confidential transactions and CoinJoin, which hides the inputs and outputs of senders and receivers, and combines many transactions into one.

The exchanges have emphasized they operate in accordance with local legislation, which requires the implementation of measures to combat money laundering and the financing of terrorism.

According to Bithumb, its policy is to delist an asset if it “violates laws, government or financial regulations.” Upbit made a similar statement.

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