Binance reverses decision to delist privacy coins in Europe. Binance has decided to reverse its plans to relist several privacy coins in Europe…


Binance reverses decision to remove privacy coins in Europe

Binance has decided to reverse its plans to delist several privacy coins in Europe after modifying operations to comply with local regulations. It also commented that since it operates as an exchange registered in various EU jurisdictions, it is “obligated” to comply with local regulations that require exchanges to “monitor transactions of coins listed on our platform.” need to be able to do”. Initially, Binance was to be delisted. privacy tokens for users in France, Italy, Spain, and Poland, leaving them unable to buy or sell the 12 privacy tokens starting June 26. Coins affected by the decision included: Decred (DCR), Dash,Zcash, Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), FIRO (FIRO), Beam ( BEAM), Monero and MobileCoin (MOB). However, since the decision has been reversed, various projects have taken to Twitter to reassure community members. These decisions by Binance come as the European Union is perfecting its standards for digital assets with its new Markets in Crypto-Assets (MICA) rules, which were signed into law on May 31. In July, the European Securities and Markets Authority plans to launch a MiCA consultation process, outlining the laws’ 18-month timeline to allow full entry into force.

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