#EUPrivacyCoinBan The European Union's Markets in Crypto-Assets (MiCA) regulation, which came into effect on 31 May 2023, has had a significant impact on the trading of privacy coins. MiCA enforces the "travel rule", requiring crypto exchanges to collect and share transaction details— a measure that conflicts with the privacy-centric features of coins such as Monero (XMR) and Zcash (ZEC).

In response, Binance initially announced plans to delist 12 privacy coins in France, Italy, Spain, and Poland, including Monero, Zcash, and Dash (DASH), starting from 26 June 2023. However, following community feedback and further regulatory considerations, Binance reversed this decision, allowing the continued trading of certain privacy coins within these countries.

This development underscores the ongoing tension between regulatory compliance and the fundamental ethos of privacy within the cryptocurrency landscape.