Binance announces delisting twelve cryptocurrencies under French regulatory pressure. Monero is one of them.
Binance France drops Monero
The CZ exchange contacted its French customers to announce the news:
“We are officially informing you that due to local regulatory requirements, Binance is no longer able to offer anonymity-focused crypto-assets (commonly referred to as “Privacy coin”) in France.
From June 26, 2023, users residing in France will no longer be able to buy or sell the following EACs on our platform:
DCR, DASH, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM, WMR, MOB »
Probably other French exchanges like Coinhouse will soon imitate Binance.
The very numerous Monero users in France are already very vocal on Twitter. @Xalicrypto declares:
“I will continue to buy XMR, I will continue to accumulate it. By resistance, by vital need to say STOP and then by deep conviction. It’s not trading, it’s politics. »
To which @DesOne_SN responds:
“In any case, you should not buy your moneros on Binance”.
Here is what we wrote about Monero recently:
“The developers of Moreno (XMR) are increasingly recognized for having succeeded in building the most confidential network. With monero, addresses and transaction amounts are concealed by default. Transactions are completely private. »
Conversely, it is possible to keep track of bitcoin transactions resulting from criminal cases. That said, it’s possible to cover your tracks with coinjoins, like Wasabi’s. The latter filters bitcoins linked to addresses on the Chainalysis blacklist.
The monero is currently trading around 139 euros, down since Binance’s announcement.
Binance is under pressure. Recently, the big Australian bank (Westpac) decided to stop letting its customers invest on the exchange with 200 million customers.
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