BINANCE TO BLOCK PRIVACY COINS IN FOUR EUROPEAN COUNTRIES

Summary from the TLDR Crypto newsletter

Binance will delist 12 privacy coins, including Zcash and Monero, in France, Italy, Poland, and Spain starting June 26. Privacy coins enable anonymous transactions, making tracking sender, recipient, and transaction amounts difficult, which has led to the EU’s concerns over potential money laundering. Although Binance aims to support numerous projects, it must comply with local laws and regulations. Affected users have been informed that they will be unable to purchase or trade privacy tokens on the platform after June. Withdrawals will remain open.