Binance said it has revised its operations to comply with EU standards after carefully reviewing feedback from the community and several projects.
Binance has decided to reverse plans to delist several Privacy tokens in Europe after modifying operations to comply with local regulations.
In a comment from the crypto exchange received on June 26, Binance said:
“After carefully reviewing feedback from our community and several projects, we have revised the way we classify privacy coins on our platform to comply with EU-wide regulatory requirements .”
It also commented that because it operates as an exchange registered in various European Union jurisdictions, it is “required” to comply with local regulations requiring exchanges The exchange “can monitor transactions for coins listed on our platform.”
Initially, Binance will delist security tokens for users in France, Italy, Spain, and Poland, making it impossible for them to buy or sell 12 security tokens starting June 26.
Coins affected by the decision include: Decred (DCR), Dash, Zcash (ZEC), Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), Beam (BEAM), Monero (XMR), and MobileCoin (MOB).
However, since the decision was reversed, many projects have taken to Twitter to reassure community members. Verge Currency posted its earliest update on June 22:
Secret Network also posted an update stating that this is one of the currencies that Binance will not delist.
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