Major Korean exchanges delist Litecoin due to its new privacy features
Upbit stated that the reason for delisting Litecoin relates to Anti-Money Laundering (AML) rules that require exchanges to record data on crypto transactions.
According to its delisting notice, given the nature of the MimbleWimble (MWEB) privacy protocol, the exchange will no longer support Litecoin transfers and the coin will be removed from the exchange. Similarly, Bithumb stated that it will stop all Litecoin deposits from June 8.