Here's the update:
EU's privacy coin ban sparks market trend:
- Binance reverses decision, won't delist some privacy coins like Verge (XVG) and Secret (SCRT).
- EU's Markets in Crypto-Assets (MiCA) regulation enforces "travel rule" on crypto transactions, prompting ban.
- Other exchanges like Kraken, Huobi, and Bittrex delisted privacy coins.
- Price drops observed:
- Monero (XMR): -10%
- Zcash (ZEC): -5%
- Dash (DASH): -8%
- New privacy coins launched to comply with EU regulations.
Want me to explain any of these points? š#EUPrivacyCoinBan $BTC
