- The exchange said in late May that it would stop trading in such coins
- Now Binance says it has reviewed operations to comply with EU standards
Cryptocurrency exchange Binance has reversed its decision to exclude privatized coins from the list of coins available in Europe. The company said it has revised its operations to comply with European Union standards after a thorough review of community feedback and several projects.
The exchange commentary says:
“We conducted a detailed review of feedback from our community and several projects, which led to a review of the way we classify confidential coins on our platform to meet EU regulatory requirements.”
In addition, the statement says that because Binance operates as an exchange registered in the jurisdiction. One of which is the ability to track transactions related to coins registered on the platform.
Binance originally planned to eliminate privacy tokens for users in France, Italy, Spain and Poland, which meant they would not be able to buy or sell 12 coins starting June 26.. Among the coins to be affected by this decision were DASH, XMR, DCR, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM and MOB.