Bitcoin

Monero

<p>Binance announces the delisting of twelve cryptocurrencies under French regulatory pressure. Monero is among them.</p><div class="thumbnail post-cover-image"><img src="https://www.cointribune.com/app/uploads/2023/06/russie-crypto1-1024x683-1.jpg" srcset="https://www.cointribune.com/app/uploads/2023/06/russie-crypto1-1024x683-1.jpg 1024w, https://www.cointribune.com/app/uploads/2023/06/russie-crypto1-1024x683-1-300x200.jpg 300w, https://www.cointribune.com/app/uploads/2023/06/russie-crypto1-1024x683-1-768x512.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" class="post-cover-image--img" alt="Binance"></div><div class="my-4"></div>



<h2 id="h-binance-france-drops-monero">Binance France drops Monero</h2>



<p>CZ’s exchange has contacted its French clients to deliver the news:</p><div class="my-4"><div class="ads ">
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<blockquote class="wp-block-quote">
<p>Due to local regulatory requirements, Binance is no longer able to offer privacy-enhanced cryptocurrencies in France. </p>



<p>Starting from June 26, 2023, users residing in France will no longer be able to buy or sell the [specific] privacy coins on our platform:</p>



<p>DCR, DASH, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM, WMR, MOB.</p>
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<p>It is likely that other French exchanges, such as Coinhouse, will soon follow Binance’s lead.</p>



<p>The large number of Monero users in France is already expressing their discontent on Twitter. <a href="https://twitter.com/XaliCrypto/status/1663870699537137665?s=20" target="_blank" rel="noreferrer noopener">@Xalicrypto</a> declares:</p>



<p>“I will continue to buy XMR, I will continue to accumulate it. Out of resistance, the vital need to say STOP, and deep conviction. This is not trading, it’s political.”</p>



<p>To which <a href="https://twitter.com/DesOne_SN/status/1663886842129727488?s=20" target="_blank" rel="noreferrer noopener">@DesOne_SN</a> responds:</p>



<p>“Anyway, you shouldn’t buy your Moneros on Binance.”</p>



<p>Here’s what we recently wrote about <a href="https://www.cointribune.com/monero-xmr-la-seule-et-lunique-crypto-anonyme/" target="_blank" rel="noreferrer noopener">Monero</a>:</p>



<p>“Developers of Monero (XMR) are increasingly recognized for having built the most confidential network. With Monero, transaction addresses and amounts are hidden by default. Transactions are completely private.”</p>



<p>In contrast, it is possible to trace Bitcoin transactions associated with criminal activities. However, it is possible to obfuscate the trails using coinjoins, like those provided by <a href="https://www.cointribune.com/wasabi-vs-samourai-la-guerre-de-la-privacy/" target="_blank" rel="noreferrer noopener">Wasabi</a>. The latter filters bitcoins linked to addresses on Chainalysis’ blacklist.</p><div class="my-4"><div class="ads ">
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<p>Monero is currently trading around 139 euros, experiencing a decline since Binance’s announcement.</p>



<p>Binance is under pressure. Recently, the major Australian bank (<a href="https://www.cointribune.com/la-banque-westpac-interdit-binance-a-ses-clients/" target="_blank" rel="noreferrer noopener">Westpac</a>) decided not to allow its clients to invest on the exchange with 200 million users.</p>

Binance delists Monero (XMR)

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