Binance abandons privacy coin in Belgium due to regulatory pressure –
Binance will cease privacy coin trading in Belgium to comply with local privacy coin regulations, following similar moves in other European countries three months ago. This decision, driven by legal requirements, affects privacy coins such as Monero, MobileCoin, Firo, and Horizen.
Binance has previously delisted privacy coins in France, Italy, Poland and Spain. This change in Belgium is in line with Binance’s strategy of serving Belgian users through its Polish entity, keeping them compliant with Polish regulations.
Starting September 21, Binance users in Belgium will not be able to trade or buy these specific privacy coins due to concerns related to money laundering and the anonymity of cryptocurrency transactions.
