Japanese regulators have reportedly pressured local exchanges to delist privacy coins, calling into question the authority of trading platforms to carry coins that cannot be tracked by law enforcement agencies.
The FSA—Japan’s equivalent to the SEC— are said to have discouraged exchanges from listing Monero (XMR), Zcash (ZEC) and Dash (DASH). These cryptocurrencies are often cited by authorities as being associated with the digital underground, where they are allegedly used for money laundering, drug dealing and other illicit activities.