#EUPrivacyCoinBan
In mid-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, citing compliance with the European Union's Markets in Crypto-Assets (MiCA) regulations. These regulations aim to enhance transparency and combat money laundering by requiring exchanges to monitor transactions and identify coin holders. ([Cointelegraph][1], [The Block][2])
However, following significant community feedback and discussions with various projects, Binance reversed its decision for several of these coins. As of June 26, 2023, trading for Decred (DCR), Dash (DASH), Zcash (ZEC), PIVX, Navcoin (NAV), Secret (SCRT), and Verge (XVG) remained available in the affected countries. Conversely, restrictions continued for Beam (BEAM), Monero (XMR), MobileCoin (MOB), Firo (FIRO), and Horizen (ZEN). ([The Block][2], [Decrypt][3], [The Block][4])
This situation underscores the ongoing tension between regulatory compliance and the preservation of user privacy in the crypto space.
