Binance Delists Privacy Coins in Belgium Beginning Sept 21!

Author: Mustafa Mulla Sep 6, 2023 22:39

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Binance, one of the world’s largest cryptocurrency exchanges, has announced that users residing in Belgium will no longer be able to buy or trade four privacy coins on its platform from Sept. 21. The delisted coins include Monero (XMR), MobileCoin (MOB), Firo (FIRO) and Horizen (ZEN). Binance spokesperson said that the exchange is moving to delist privacy coins in “every market that we are required to.” The move follows regulatory pressure on crypto exchanges globally to tighten up their compliance processes, particularly around money laundering and terrorist financing concerns.