The financial regulator of India has ordered cryptocurrency exchanges to remove privacy-focused tokens from their listings. Exchanges were instructed to delist coins deemed difficult to trace for anti-money laundering controls.

Details of the order

According to the regulator, exchanges must delist privacy-oriented assets that hinder transaction monitoring and compliance processes. The directive explicitly names several coins subject to removal by trading platforms.

• Monero (XMR)
• Zcash (ZEC)
• Dash (DASH)

Rationale and compliance

The regulator cited risks related to money laundering and the limited ability to trace transactions as the primary justification for the action. It stated that such assets are considered unacceptable for the regulated market due to these compliance gaps.

Implications for market participants

Exchanges operating under the regulator’s jurisdiction are required to follow the directive and remove the specified tokens from their order books and trading pairs. The regulator emphasized adherence to applicable anti-money laundering frameworks and reporting obligations for virtual asset service providers.