#EUPrivacyCoinBan
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from May 31, 2023, has significantly impacted the trading of privacy coins. MiCA enforces the "travel rule," requiring crypto exchanges to collect and share transaction details, which conflicts with the privacy features of coins like Monero (XMR) and Zcash (ZEC).
In response, Binance initially planned to delist 12 privacy coins in France, Italy, Spain, and Poland, including Monero, Zcash, and Dash (DASH), starting June 26, 2023 . However, following community feedback and regulatory considerations, Binance reversed this decision, allowing continued trading of certain privacy coins in these countries.
This development highlights the ongoing
