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Litecoin(LTC) South Korean top 5 exchanges have announced the end of transaction support for Litecoin (LTC)
Reason for termination of transaction support
- According to the Act on the Reporting and Use of Specific Financial Transaction Information (hereinafter referred to as the Specific Financial Information Act) and related laws, the exchange transmits digital assets embedded with a technology that prevents the transmission records from being identified (hereinafter "anonymous transmission technology") It should be checked whether the record can be verified, and appropriate measures should be taken if anonymous transmission technology is found.
- According to the contents of the MimbleWimble Extension Blocks (MWEB) network upgrade carried out by the Litecoin (LTC) foundation, the upgrade was carried out with a selection function that does not expose transaction information. On May 23, 2022, Litecoin (LTC) was designated as a significant item, as it was judged that anonymous transmission technology was added.