#EUPrivacyCoinBan In May 2023, Binance announced plans to delist 12 privacy-focused cryptocurrencies—including Monero (XMR), Zcash (ZEC), and Dash (DASH)—for users in France, Italy, Spain, and Poland, citing compliance with EU regulations requiring transaction monitoring.

However, on June 26, 2023, Binance reversed this decision after community feedback and discussions with affected projects. The exchange revised its classification of privacy coins to align with EU-wide regulatory requirements, allowing continued trading of seven tokens: Decred (DCR), Dash (DASH), Zcash (ZEC), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), and Verge (XVG). Restrictions remained for Beam (BEAM), Monero (XMR), MobileCoin (MOB), Firo (FIRO), and Horizen (ZEN).

Binance emphasized its obligation to comply with local laws across EU jurisdictions, particularly under the Markets in Crypto-Assets (MiCA) regulations, which mandate transaction monitoring for listed coins. This policy shift reflects Binance's efforts to balance regulatory compliance with user demand and project viability.

The reversal was welcomed by several projects. Secret Network tweeted, “You spoke, and Binance listened,” while Verge highlighted that its public blockchain structure aligns with transparency requirements.

This development underscores the ongoing tension between privacy in cryptocurrency and regulatory oversight, as exchanges navigate evolving compliance landscapes.