Binance, the cryptocurrency exchange, has decided to reverse its plan to delist 12 privacy coins in Europe after revising its operations to comply with EU-wide regulatory requirements. The coins affected by the decision included Decred, Dash, ZEC, Horizen, PIVX, Navcoin, Secret, Verge, Firo, Beam, XMR, and MobileCoin.
Initially, Binance was set to delist the privacy tokens for users in France, Italy, Spain, and Poland, but it received feedback from the community and several projects and reconsidered its decision. Binance operates as an exchange registered in various EU jurisdictions and is obliged to follow local regulations that require exchanges to monitor transactions for listed coins.
Title: Binance Reverses Plan to Delist Privacy Coins in Europe Following Regulatory Concerns
Categories: Cryptocurrency Exchange, European Union, Regulation