Binance has placed “surveillance tags” on a number of coins and tokens, including several major privacy coins, warning that these assets may no longer meet the exchange’s listing standards.
Announced by the world's largest exchange. statement On Thursday, it announced the expansion of surveillance tags to ANT, FIRO, KP3R, MDX, MOB, REEF, VAI, XMR, ZEC, and ZEN.
“Tokens with monitoring tags exhibit significantly higher volatility and risk compared to other publicly traded tokens,” Binance said. “These tokens are regularly reviewed and closely monitored. We note that tokens with a monitoring tag no longer meet our listing criteria and are at risk of being delisted from the platform. please.”
Binance added that to gain trading access to these tokens with surveillance tags, users will need to pass the corresponding quiz every 90 days.
“Due to increasing regulatory pressures, including compliance with MiCA, recent initiatives from US regulators, and Binance’s settlement with the US Department of Justice, monitoring tags have been installed on FIRO along with other privacy coins,” Co-founder Firo said. said Ruben Yap. block.
“However, we have been in active discussions with Binance on this issue since September 2023, and so far our proposal to implement Exchange addresses has been positively received.” Mr. Yap added. “We welcome the active dialogue with Binance and their openness to work together to find mutually beneficial solutions, and we hope that Exchange Addresses will improve exchange compliance without sacrificing user privacy. I am confident that we have balanced the requirements.”
Last week, OKX too took action For coins such as ANT, XMR, ZEC, and ZEN. OKX Said Multiple trading pairs will be delisted including ANT-USDC, XMR-BTC, XMR-ETH, XMR-USDT, XMR-USDC, ZEC-BTC, ZEC-USDT, ZEC-USDC, ZEN-BTC, and ZEN-USDT. .
Updated with a comment from Firo.
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