Binance delists privacy tokens in France, Italy, Spain, and Poland

Cryptocurrency in Europe is becoming less private as major exchange Binance prepares to remove all privacy tokens from countries such as France and Italy.

Starting June 26, privacy tokens like Monero (XMR) or Zcash (ZEC) will no longer be available for trading to Binance customers in France, Italy, Poland, and Spain.

A spokesperson for Binance told Cointelegraph that the new restrictions affect a total of 12 coins. The impacted tokens include 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).

“While we aim to support as many quality projects as possible, we are required to follow local laws and regulations regarding the trading of privacy coins, to ensure we can continue to serve as many users as we can,” a representative of Binance said, adding:

“As part of Binance’s ongoing compliance processes, we have reached out to affected users, to notify them that they will no longer be able to purchase or trade privacy tokens on our platform after June 26th.”

In an email to French customers, Binance said that it is no longer able to offer enhanced anonymity crypto assets, or CAE, in several European countries due to local regulatory requirements.

This article is developing and will be updated.