Troubled cryptocurrency exchange Coincheck has announced that will be delisting a number of cryptos from its platform.
The company said that the announcement is in line with the business improvement order received from the Japanese Financial Services Agency (FSA) following the major hack it suffered earlier this year in which it lost nearly $530 million in NEM cryptocurrency.
“Based on the fact that it is necessary to further develop and strengthen the management system of AML / CFT in the future, we deem that it is not appropriate for us to deal with currencies that are of little concern,” Coincheck said (loosely translated).
According to the announcement, Coincheck will delist Monero (XMR), Augur (REP), Dash (DASH), and Zcash (ZEC) on June 18, 2018. Users are required to withdraw their funds in these tokens or exchange them for other tokens before this date.
Coincheck was recently acquired by Japanese online brokerage firm Monex Group.
