#USDC/USDT Announcement regarding the ban on private coins under the new regulations of the European Union is having a significant impact on the market. This has led to coins like Monero (XMR), Zcash (ZEC), and Dash gradually being removed from exchanges like Binance. The EU stated that this decision aims to prevent financial crime; however, many cryptocurrency users are concerned about losing their privacy.

Binance has begun the process of halting trading for certain private coins for European users. Its impact is not only limited to Europe but also creates uncertainty globally.

If you are holding private coins, now is a critical time to think about your next steps.