On June 26, the Binance bitcoin exchange will delist 12 confidential coins in France, Italy, Poland and Spain. The platform sent email notifications to users from these countries.
Il ne sera plus possible d’accéder aux privacy coins via Binance. pic.twitter.com/ZoiAsHiYuG
— La Baleine Crypto 🐳 (@BaleineFR) May 31, 2023
The list includes: 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).
“In an effort to support as many quality projects as possible, we are required to comply with local laws and regulations regarding the trading of privacy coins in order to ensure that more users are served,” said a Binance representative in an interview with The Block.
On May 31, the European Banking Authority proposed amendments to the bill adopted on April 20 to regulate the crypto-assets market (MiCA). According to documentanonymous cryptocurrencies carry risks for tracking potential money laundering and terrorist financing.
In a letter to users, Binance representatives noted that the issue of delisting confidential tokens is still open until the final approval of the new rules.
Recall that at the beginning of 2021, the Bittrex exchange announced the delisting of Zcash, Dash and Monero. A similar decision was made in ShapeShift.
In May 2022, the South Korean exchanges Bithumb and Upbit allowed the delisting of Litecoin after the MimbleWimble update, which increases the privacy of the coin.
In September of the same year, Huobi delisted seven privacy-focused coins.
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