#Privacy Coins Monero, Zcash, Horizen 'At Risk' of Delisting by Binance#

Binance has flagged several privacy coins with a "monitoring tag" indicating that they are at risk of being delisted from its platform.

Privacy Coins Monero, Zcash, Horizen 'At Risk' of Delisting by Binance.

Crypto exchange Binance has added a "monitoring tag" to a list of cryptocurrencies including privacy (XMR), (ZEC), (ZEN) and (FIRO).

In an announcement, Binance said that tokens with the monitoring tag "exhibit notably higher volatility and risks compared to other listed tokens," and are "at risk of no longer meeting our listing criteria" and being delisted from the exchange.

It added that tokens with the monitoring tag are subject to regular reviews. Criteria considered during its reviews include trading volume and liquidity, network stability and security, and "contribution to a healthy and sustainable crypto ecosystem," as well as "responsiveness to our periodic due diligence requests."

In order to trade tokens marked with the monitoring tag, users are required to pass a quiz to ensure they are "aware of the risks," Binance said in its announcement. Other services relating to the tokens on the list are unaffected, including trading.Other tokens marked with the monitoring tag include Aragon (ANT), Keep3rV1 (KP3R), Mdex (MDX), MobileCoin (MOB), Reef (REEF) and Vai (VAI).Firo co-founder Reuben Yap told Decrypt that the monitoring tag has been applied to Firo and other privacy coins "due to increased regulatory pressure, including from MiCA, recent initiatives from US regulators and compliance to Binance's settlement with the US DoJ."He noted that the project has been "in active discussions with Binance on this matter since September 2023," and that its proposal to implement Exchange Addresses, a tool that it claims enables exchanges to maintain regulatory compliance while respecting user privacy, has been "received positively" by the exchange.

Source: Decrypt