Binance reverses decision to delist privacy coins in Europe
Binance has decided to reverse its plan to delist several privacy coins in Europe after revising operations to comply with local regulations. It also commented that since it operates as an exchange registered in various European Union jurisdictions, it is “obliged” to follow local regulations that require exchanges to “be able to monitor transactions for coins listed on our platform.“ Initially, Binance was to delist privacy tokens for users in France, Italy, Spain and Poland, rendering them unable to buy or sell 12 privacy tokens beginning on June 26.
The coins affected by the decision were to include: Decred (DCR), Dash,Zcash , Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), Beam (BEAM), Monero and MobileCoin (MOB). However, since the decision has been retracted, various projects have taken to Twitter to reassure community members. These decisions from Binance come as the EU has been ironing out its standards for digital assets with its new Markets in Crypto-Assets (MiCA) regulations, which were signed into law on May 31. In July, the European Securities and Markets Authority plans to launch a MiCA consultation process, with the framework for the laws allowing an 18-month timeline to take full effect.
Source
https://t.me/Crypto_Futures_Trading
