Part of compliance with money laundering regulations
Binance announced on May 31 that it will stop offering trading of privacy-related stocks in the European market.
Countries covered are France, Italy, Poland and Spain. The delistings are Decred, Dash, Zcash, Horizon, PIVX, Navcoin, Secret, Verge, Firo, Beam, Monero and MobileCoin, effective June 26th. Binance delisted Beam in January of this year.
connection: Binance Announces Delisting of Stocks
The EU is considering banning the use of privacy-related stocks as part of measures against money laundering. According to The Block, Binance commented on the initiative: “While we aim to support as many high-quality projects as possible, we also want to ensure that we can continue to serve as many users as possible. We are required to comply with the laws and regulations of
In addition, privacy coin brands have been untradable even on centralized exchanges in South Korea for some time.