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Litecoin’s hidden transactions scared Korean exchanges

Litecoin’s hidden transactions: On reporting the use of Specific Financial Transaction Information and the Korean act mentioned by both exchanges, to implement KYC and AML systems there is a law that demands crypto exchanges.

The Litecoin (LTC) blockchain has instigated Korea’s two largest cryptocurrency exchanges to publish investment alerts about the fifth-largest cryptocurrency and the recent privacy-focused MimbleWimble better on the LTC blockchain(Litecoin’s hidden transactions).

Litecoin’s hidden transactions:

On Monday, South Korea’s trading volume issued statements suggesting to investors the risks linked with privacy-focused promotions, South Korea based crypto exchange Bithumb and Upbit together majority account for Korea’s trading volume. According to Bithumb, Litecoin’s privacy-focused technology uses Mimblewimble to allow users to make Litecoin hidden transactions while hiding transaction data it allows them to send tokens and Upbit also published a piece of similar information.

On reporting the use of Specific Financial Transaction Information and the Korean act mentioned by both exchanges, to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) systems there is a law that demands crypto exchanges.

Cryptocurrencies have a history of excluding after publishing such warnings on South Korean based exchanges. And the other two of South Korea’s major exchanges, Korbit and Coinone,  have not yet commented(made any statement).

Nearly two and a half years ago the concept of the MimbleWimble promotion was first suggested. When a majority of nodes agreed the MimbleWimble (MWEB) update the new promotion that was released earlier this year and interact with new privacy features the MimbleWimble (MWEB) will be able for this interaction. And the height of completion was 2 million at a block of LTC (Litecoin’s hidden transactions).

MimbleWimble (MWEB) Promotion: Final launch of Litecoin’s hidden transactions:

The MimbleWimble (MWEB)  Litecoin hidden transaction promotion is the most eagerly awaited update of the cryptocurrency. For Litecoin (LTC) users, not only privacy features are added by the MimbleWimble (MWEB) but also the MimbleWimble (MWEB) adds important modifications to Litecoin (LTC) blockchain interpretation. The MimbleWimble (MWEB) compresses excessive transaction data(lLitecoin hidden transactions) from blocks, allowing intelligent transactions on the Litecoin blockchain.

In 2011, a former Google engineer Charlie Lee designed Litecoin and it is one of the early competitors of Bitcoin (BTC). The market Capitalization of Litecoin was around $13.42 billion and Bitcoin was around $1.1 trillion.

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