Binance is stopping the trading of privacy coins in Belgium, following a similar move in other European countries three months ago, to comply with local privacy coin regulations. The decision, prompted by legal requirements, affects privacy coins such as Monero, MobileCoin, Firo, and Horizen.
Binance has previously delisted privacy coins in France, Italy, Poland, and Spain. This change in Belgium aligns with Binance’s strategy to serve Belgian users through its Polish entity, subjecting them to Polish regulations.
Starting September 21, Binance users in Belgium won’t have access to trading or purchasing these specific privacy coins due to concerns related to money laundering and the anonymity of crypto transactions.
Binance emphasized its commitment to monitoring and adhering to regulatory obligations, delisting privacy coins where legally required, and making necessary adjustments to its product offerings in response to evolving regulatory landscapes.
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