2023-06-24 19:16:24
Binance, the world’s largest cryptocurrency exchange, announced that it would partially reverse the decision announced last May to remove the trading of 12 privacy cryptocurrencies for 4 European Union (EU) countries from its platform.
According to a mail received this Friday, June 23, by users in the EU countries involved in the decision, the cryptocurrencies decred (DCR), secret (SCRT), verge (XVG), navcoin (NAV), zcash (ZEC), dash (DASH) and PIVX (PIVX), they would not be removed from the platform this June 26 as they had been raised.
The confirmation This fact came from the official accounts of some of the cryptocurrencies on the list, announcing that Binance would not “unlist” them.
The official Verge account, express on Twitter that XVG would not be leaving Binance. This, taking into account that the cryptocurrency uses a public blockchain with “visible transactions, amounts, and addresses.”
The Secret Network team did the same on the social networkpointing out that the revocation was influenced the pressure made by the user community of cryptocurrencies, particularly that of secret (SCRT).
Until now, beyond the emails received by users and shared on Twitter, there is no official public statement from Binance. As CriptoNoticias reported last May, the exchange was pressured by regulators in Spain, France, Italy and Poland.
According to Binance’s explanations, the requirement indicated that, if it did not adhere to local regulations, adapting to the Market Regulation and Crypto Assets Law (MiCA) that will soon enter into force in the EU, it might not continue to provide its services in these 4 countries. .
At the moment, Binance’s original decision to remove support for private cryptocurrencies from the platform for the 4 European countries, remains on 5 of the 12 announced cryptocurrencies: monero (XMR), MobileCoin (MOB), beam (BEAM), firo (FIRO) y horizen (ZEN).
It is worth remembering that privacy cryptocurrencies They are those that promote the use of “private and anonymous transactions of the block chain by hiding their origin and destination.” Some of the techniques used include hiding users’ wallet balance and address.
The nature of this type of cryptocurrency prevents government tracking, argument that has been used to put pressure on Binance.
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