The cryptocurrency market, still in its nascent stage, has been undergoing many developments and offering more use cases to people all over the world. The developments in the field have also led countries to pay heed to cryptos and accept it. The latest addition to this list was the United Arab Emirates, which was considering the launch of a regulated custodian and trading platform on BitOasis exchange.
The Dubai-based exchange received an in-principle approval [IPA] from Financial Services Regulatory Authority [FSRA], its financial regulator, on May 13. The exchange had added Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Ripple [XRP], Litecoin [LTC], ZCash [ZEC], Monero [XMR], Ethereum Classic [ETC], and Stellar Lumens [XLM] back in 2018 for trading purposes.
However, according to a recent post on Reddit, the exchange delisted Monero [XMR] and ZCash [ZEC]. Various Twitter users appeared agitated with the exchange as they had de-listed the coins much before announcing it. Twitter user, @mohabbadi11, tweeted to the exchange:
“@bitoasis Suddenly you decided to stop trading with XMR and ZEC!!!what about informing people in advance?!”
BitOasis, after apologizing, told the user that they would be sharing more details on ZEC and XMR pairs soon, however, the exchange failed to update its users soon. According to a tweet by the exchange, it was going to release an update on May 19 via email. The image shared by a Reddit user was of an email they received from the exchange, however, the authenticity of the same had not been verified by the exchange.
After receiving a de-listing email the Twitter user tweeted to BitOasis:
“@bitoasis its not possible to reply to your email about delisting ZEC and XMR.
What is the right way to get my money back?”
AMBCrypto has reached out to BitOasis for the same and the story will be updated once the exchange replies.
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Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
Crypto News – 26 June – Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
— AMBCrypto (@CryptoAmb) June 26, 2019
Crypto News – 26 June
Bitcoin breaches new resistances: In a sensational run that saw the coin surge by 15% over 24 hours, the world’s largest cryptocurrency breached the $12,000 mark, while also briefly touching the $13,000 mark, before falling again
Read more at https://bit.ly/2ZMkS10
Tone Vays on Bitcoin’s biggest strength: Tone Vays opined that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention
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Tron Foundation launches new inititative: Justin Sun’s Tron Foundation announced a $20 million TRX buy-back plan to promote community activity and market stability
Read more at https://bit.ly/2X8aA9W
Joe Kernen on Bitcoin, Libra: The once crypto-skeptic, CNBC Squawk Box’s Joe Kernen is of the opinion that Libra is for corporations, while Bitcoin is for the people
Read more at https://bit.ly/31MkqSa
Bloomberg on JPM Coin: According to a report by Bloomberg, the Jaime Dimon-led institution plans to launch the JPM coin and use it for bond transactions
Read more at https://bit.ly/2X75DTr
Fundstrat report on stablecoins: According to a recent report by New York-based Fundstrat Global Advisors, the FS CryptoFX Stablecoin index fell by a whopping 21 percent against BTC, with Gemini outperforming Tether [USDT]
Read more at https://bit.ly/2X5qPJw
BitGo’s latest collaboration: Bitcoin IRA has announced that it will be teaming up with BitGo to launch crypto-retirement accounts insured for $100 million
Read more at https://bit.ly/31UvjBz
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