{"id":330044,"date":"2023-05-31T17:05:31","date_gmt":"2023-05-31T16:05:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=330044"},"modified":"2023-05-31T17:05:31","modified_gmt":"2023-05-31T16:05:31","slug":"binance-delists-privacy-coins-for-european-users-amid-layoff-rumors","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/binance-delists-privacy-coins-for-european-users-amid-layoff-rumors\/","title":{"rendered":"Binance delists privacy coins for European users amid layoff rumors"},"content":{"rendered":"

Binance said it would delist privacy coins<\/a> for users in unnamed jurisdictions from June 26, according to an emailed statement to CryptoSlate<\/em>.<\/p>\n

“As part of Binance\u2019s ongoing compliance processes, we have reached out to affected users, to notify them that they will no longer be able to purchase or trade privacy tokens on our platform after June 26th.”<\/p><\/blockquote>\n

Early indications from the Crypto Twitter community suggest that the affected regions include Spain<\/a>, France<\/a>, and Poland<\/a>. Several members of the community shared screenshots of emails from the exchange showing that it would no longer support the under-listed tokens:<\/p>\n

“Decred (DCR<\/a>), Dash (DASH), Zcash (ZEC<\/a>), Horizen (ZEN<\/a>), PIVX (PIVX), Navcoin (NAV), Secret (SCRT<\/a>), Verge (XVG), Firo (FIRO), BEAM (BEAM), Monero (XMR<\/a>) and MobileCoin (MOB<\/a>).”<\/p><\/blockquote>\n

A spokesperson for the crypto exchange told CryptoSlate<\/em> that the exchange's decision complied with “local laws and regulations regarding the trading of privacy coin.” It added that the decision was made “to ensure we can continue serving as many users as possible.”<\/p>\n

On May 16, the European Union unanimously passed<\/a>\u00a0its landmark crypto legislation, Markets in Crypto Assets (MiCA). In November 2022, Coindesk reported<\/a> that the bill could ban crypto service providers from dealing in privacy-enhancing coins.<\/p>\n

Meanwhile, Dubai's Virtual Assets and Regulatory Authority (VARA) also barred<\/a> the issuance of these digital assets within its region.<\/p>\n

Binance “reevaluating” talents in preparation for the next bull cycle<\/h2>\n

In a separate development, Binance said it was reviewing whether it has the right talent and expertise in critical roles as it prepares for the next major bull cycle, according to a May 31 emailed statement shared with CryptoSlate<\/em>.<\/p>\n

Earlier today, Wu Blockchain reported<\/a> that the crypto exchange laid off about 20% of its staff.<\/p>\n

In response, the exchange told CryptoSlate<\/em> that it is still seeking to fill open roles within the organization. It added that its hiring process “will include looking at certain products and business units to ensure our resources are allocated properly to reflect the evolving demands of users and regulators.”<\/p>\n

This year, Binance has faced increased regulatory scrutiny on multiple fronts. The exchange is under investigation<\/a> in Australia and has been sued<\/a> by the U.S. CFTC. It has also exited<\/a> the Canadian market, citing the unfavorable regulatory environment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance said it would delist privacy coins for users in unnamed jurisdictions from June 26, according to an emailed statement to CryptoSlate. “As part of Binance\u2019s ongoing compliance processes, we have reached out to affected users, to notify them that they will no longer be able to purchase or trade privacy tokens on our platform […]<\/p>\n","protected":false},"author":720,"featured_media":330066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,77968],"tags":[77044,78586],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nBinance delists privacy coins for European users amid layoff rumors<\/title>\n<meta name=\"description\" content=\"Binance will delist privacy tokens for users in France from June 26 and it says it is evaluating talent for the next bull market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/binance-delists-privacy-coins-for-european-users-amid-layoff-rumors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance delists privacy coins for European users amid layoff rumors\" \/>\n<meta property=\"og:description\" content=\"Binance will delist privacy tokens for users in France from June 26 and it says it is evaluating talent for the next bull market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/binance-delists-privacy-coins-for-european-users-amid-layoff-rumors\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T16:05:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/binance-layoff.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/binance-delists-privacy-coins-for-european-users-amid-layoff-rumors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/binance-delists-privacy-coins-for-european-users-amid-layoff-rumors\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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