Binance Will Delist Anonymous Tokens in Several European Countries

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On June 26, Binance will delist 12 privacy coins in France, Italy, Poland and Spain. The platform sent email notifications to users from these countries.

The list includes Decred (DCR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), Beam (BEAM), Monero (XMR) and MobileCoin (MOB).

According to the exchange:

“In an effort to support as many quality projects as possible, we are required to comply with local laws and regulations regarding the trading of privacy coins in order to ensure that more users are served.”

The European Banking Authority proposed on May 31 amendments to the bill adopted on April 20 to regulate the crypto-assets market (MiCA). According to the document, anonymous cryptocurrencies carry risks for tracking potential money laundering and terrorist financing.