$USDC 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. This decision was driven by the need to comply with the European Union's Markets in Crypto Assets (MiCA) regulations, which require exchanges to monitor transactions and identify holders of privacy coins .

However, by late June 2023, Binance reversed its decision for several of these coins, such as Zcash and Dash, after reevaluating its classification of privacy coins to better align with EU regulations. Notably, Monero remained affected by the restrictions .

In early 2024, Binance proceeded to delist Monero globally, citing that it no longer met the platform's listing standards. This action led to a significant drop in Monero's price, reflecting the market's reaction to the delisting .

Other exchanges have taken similar steps; for instance, OKX and Huobi have also delisted privacy coins like Monero, Zcash, and Dash, citing regula$ust

ory compliance and listing criteria $USDC