Major Korean exchanges delist Litecoin due to its new privacy features

South Korean crypto exchanges Upbit and Bithumb have announced today that they will delist Litecoin.

The reason for delisting Litecoin relates to Anti-Money Laundering (AML) rules.

Upbit will stop support for Litecoin on 20 June, and give users a month to withdraw their funds.

Litecoin is one of the top 20 crypto assets with a market cap of over $4 billion.

Korean exchanges Bithumb, Coinone, Korbit, and Gopax have also notified users of removing Litecoin markets.

Comes a day after fintech giant PayPal started allowing its users to transfer a few popular crypto assets, including Litecoin.

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