The Crypto Roundup: 27 June 2023 | CryptoCompare.com

Leading cryptocurrency exchange Binance has announced it will keep on supporting trading of several privacy-focused digital assets in the European market, in a move that comes after the firm said it would drop these assets in May.

The exchange has said it will modify its categorization of privacy-oriented cryptocurrencies, in a move that will spare several assets from being delisted in France, Italy, Poland, and Spain. These include Decred, Dash, Zcash, PIVX, and Verge, among others. Coins still included in the restrictions include Monero, MobileCoin, Firo, and Horizon.

The decision to continue offering these privacy-centric cryptocurrencies was warmly welcomed by their respective communities, who had previously expressed their discontent over Binance’s initial plans to delist them.

Privacy coins employ techniques such as zero-knowledge proofs to obscure the details of transactions, which makes them harder to track. These features have raised significant regulatory concerns, particularly in the European Union.

Binance’s decision in May to delist these coins was in line with local regulations demanding that exchanges should have the capacity to monitor transactions for all listed coins.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
• Source: https://www.cryptocompare.com/email-updates/daily/2023/jun/27/