Japanese exchange Liquid officially announced the delisting of 27 assets, citing regulatory precautions.
Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance.
“Liquid works closely with regulators in Japan and Singapore,” Melamed told Cointelegraph on July 25.
Referring to Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, regulations, he added:
“As part of risk management we have to take a conservative approach regarding maintaining listings in tokens that are potentially viewed by regulators as in conflict with rules around AML and CFT and the Funds Travel Rule.”
Liquid provided a public statement
The exchange’s asset removal list includes privacy-focused coin Zcash (ZEC).