Binance Reverses Decision on Delisting Privacy Coins in EU Markets, Citing Feedback and Regulatory Requirements

By Lola Coin Jun 29, 202395Views

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Binance, the world’s largest cryptocurrency exchange, has reversed its decision to delist privacy-oriented cryptocurrencies in certain EU jurisdictions. Last month, Binance announced its intention to remove 12 privacy coins in France, Spain, Italy, and Poland due to local regulatory requirements. However, after receiving feedback from projects and traders, the exchange has revised its approach to comply with EU-wide regulations. While trading in some tokens will remain restricted, others, such as Verge, have confirmed that their coins will not be affected. The European Union is also preparing to implement the Markets in Crypto Assets (MiCA) law, which includes comprehensive regulations and the application of the ‘travel rule’ to digital assets. Binance, facing increased regulatory scrutiny, has withdrawn from the Dutch market, applied for deregistration in Cyprus, and cancelled its UK authorization to focus on fewer regulated entities in Europe.

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