$USDC In June 2023, Binance reversed its decision to delist several privacy coins in Europe. Initially, the exchange planned to restrict trading of 12 privacy tokens—including Monero (XMR), Zcash (ZEC), and Dash (DASH)—for users in France, Italy, Spain, and Poland, citing compliance with EU regulations requiring exchanges to monitor transactions on listed coins .

However, following community feedback and discussions with project teams, Binance revised its classification approach. As a result, seven privacy coins—Decred (DCR), Dash (DASH), Zcash (ZEC), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), and Verge (XVG)—continued to be available for trading in these countries .

This decision aligns with the EU's Markets in Crypto-Assets (MiCA) regulations, which aim to provide clearer guidelines for digital asset operations. The MiCA framework is set to take full effect within 18 months, offering greater regulatory clarity for the crypto industry .(Cointelegraph)

Despite this reversal, Binance later moved to delist privacy coins in Belgium, citing the need to comply with local laws and regulations .(The Block)

Cointelegraph

The Block

The Block