Cryptocurrency exchange Binance has decided to delist privacy coins in certain countries. The measure will take effect on June 26, explicitly impacting France, Italy, Poland, and Spain. As a result, 12 privacy coins will be affected, including Decred, Dash, Zcash, Horizen, PIVX, Navcoin, Secret, Verge, Firo, Beam, Monero, and MobileCoin.
These coins will no longer be available for trading on the Binance platform in the mentioned countries. Binance has emailed its customers in France, Spain, Italy, and Poland, notifying them of the exchange’s decision to remove the privacy coins from the market.
In the email sent, Binance mentioned that they could not offer these privacy-enhanced cryptos in compliance with local regulatory requirements.
Privacy coins belong to a specific category of cryptocurrencies that aim to enhance transaction privacy by utilizing technologies like zero-knowledge proofs. These…
