#EUPrivacyCoinBan In May 2023, Binance announced plans to delist 12 privacy coins, 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, after receiving feedback from the community and various projects, Binance reversed this decision in June 2023, allowing continued trading of several privacy coins such as ZEC, DASH, and PIVX.

Despite this reversal, certain coins like Monero (XMR), Beam (BEAM), MobileCoin (MOB), Firo (FIRO), and Horizen (ZEN) remained restricted due to their enhanced privacy features . Furthermore, in February 2024, Binance proceeded to delist Monero globally, citing that it no longer met the exchange’s standards.

These actions align with the European Union’s broader regulatory efforts, including the Markets in Crypto-Assets (MiCA) regulations, aimed at increasing transparency and combating money laundering in the crypto space.

The evolving regulatory landscape continues to impact the availability and trading of privacy-focused cryptocurrencies within the EU.