- At the end of May, the exchange announced that it would stop trading in such coins.
- Binance has now said it has revised operations in line with EU standards
Cryptocurrency exchange Binance withdrew its decision to remove privacy coins from the list available in Europe. The company said that after careful consideration of community feedback and several projects, it has revised its operations in line with European Union standards.
The exchange comment says:
“We conducted a detailed analysis of the feedback from our community and several projects, which led to a review of the methods for classifying confidential coins on our platform, in order to comply with EU regulations”
In addition, the statement says that since Binance operates as an exchange registered in EU jurisdictions, it is obliged to follow local regulations. One of which is the ability to track transactions related to coins registered on the platform.
Binance originally planned to exclude privacy tokens for users in France, Italy, Spain, and Poland, which meant they would not be able to buy or sell 12 coins starting June 26th. Among the coins that were to be affected by this decision were DASH, XMR, DCR, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM and MOB.