The hashtag #EUPrivacyCoinBan refers to the European Union's regulatory efforts concerning privacy-focused cryptocurrencies. In 2023, Binance, a major cryptocurrency exchange, announced plans to delist several privacy coins, including Monero (XMR), Zcash (ZEC), Dash (DASH), and others, for users in France, Italy, Spain, and Poland. This decision was influenced by the EU's Markets in Crypto-Assets (MiCA) regulations and concerns over anti-money laundering (AML) compliance .
However, following community feedback, Binance reversed its decision and continued offering trading for certain privacy coins in these countries. Coins like Decred (DCR), Dash (DASH), Zcash (ZEC), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), and Verge (XVG) were spared from delisting .
Despite Binance's reversal, some privacy coins remain delisted in specific EU countries. For instance, in Belgium, Binance announced plans to delist Monero (XMR), MobileCoin (MOB), Firo (FIRO), and Horizen (ZEN) .
The ongoing developments highlight the EU's stringent approach to regulating privacy coins, balancing innovation with regulatory compliance.
