Two leading South Korean cryptocurrency exchanges, UpBit and Bithumb, have issued a warning for Litecoin after the activation of MimbleWimble Extension Blocks .terminating “transaction support for digital assets with technology that makes transmission records indistinguishable from the past” while pointing to Korea’s Act on the Reporting and Use of Specific Financial Transaction Information.
“It is believed that the Mimblewimble upgrade has been carried out with a selection function that does not expose transaction information. Upbit added the item of transparency of network operators to the transaction support checklist.”was sent out by Bithumb as well. The platform also designated Litecoin as an investment warning citing MWEB implementation and how the privacy protocol may threaten the existing Korean laws about concealing financial transactions.
earlier by Litecoin Foundation’s Community Manager Ilir Gashi, should keep the crypto-asset away from unwarranted scrutiny of regulators.the Mimblewimble Extension Blocks upgrade at block height 2257920 after attaining the 75% network consensus threshold.
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