- We are talking about countries such as France, Italy, Spain and Poland.
- The company is unable to offer crypto assets with enhanced anonymity due to local regulatory requirements
- In total, 12 tokens are divided
Cryptocurrency exchange Binance reported, which will stop trading and remove privacy tokens from the platform. From June 26, in countries such as France, Italy, Spain and Poland, users will no longer be able to buy and sell 12 privacy tokens /
A Binance employee stated that the new restrictions affect a total of 12 coins. These tokens include Decred (DCR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), BEAM (BEAM), Monero (XMR) and MobileCoin (MOB).
“Despite our desire to support as many quality projects as possible, we must comply with local laws and regulations regarding the trading of confidential coins. This is necessary to ensure that the maximum number of users can continue to be served.”
The representative of the exchange also said that Binance has already contacted users and warned them about the restriction and stop of token trading.
In an email to French customers, Binance said that due to local regulations in some European countries, they will no longer be able to offer enhanced anonymity crypto assets for trading.