Binance, one of the largest cryptocurrency exchanges, will delist 12 privacy coins in France, Italy, Poland, and Spain starting on June 26. The move comes in response to local laws and regulations regarding anonymous crypto transactions and potential money laundering activity.
The affected privacy coins include Decred, Dash, Zcash, Horizen, PIVX, Navcoin, Secret, Verge, Firo, Beam, Monero, and MobileCoin. Withdrawals of these coins will still be allowed in the affected countries.
The European Union has been considering new regulations that could ban privacy coins, and the European Banking Authority has issued draft guidance for crypto companies to monitor customers using privacy coins.
All Comments