“Regulatory Concerns? Binance Implements Monitoring Tags for Privacy Coins such as ZEC and XMR”
OKX announced on December 29th that it will delist a large number of privacy coins, including ZEC, ZEN, XMR, and DASH. Within a week, Binance also took related measures. Has privacy coins become the next regulatory focus?
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Binance Adds Monitoring Tags for Privacy Tokens
Removal of GMX and SUSHI Seed Tags
Binance Adds Monitoring Tags for Privacy Tokens
In an announcement, Binance stated that based on recent internal reviews, it has decided to add monitoring tags to the following cryptocurrencies:
Vai (VAI)
Firo (FIRO)
Zcash (ZEC)
Reef (REEF)
Mdex (MDX)
Aragon (ANT)
Horizen (ZEN)
Monero (XMR)
Keep3rV1 (KP3R)
MobileCoin (MOB)
According to Binance, “monitoring tags” indicate that these cryptocurrencies exhibit significantly higher volatility and risk compared to other listed cryptocurrencies. These tokens will be closely monitored and reviewed periodically.
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In addition, tokens with monitoring tags may no longer meet Binance’s listing standards and may be delisted from the platform. To obtain trading permission for tokens with monitoring tags or seed tags, users need to pass the corresponding test on the Binance spot/margin platform every 90 days and accept the terms of use.
Removal of GMX and SUSHI Seed Tags
In the same announcement, Binance announced that it will remove the seed tags for GMX and SUSHI on January 4th.
Seed tags are meant to remind users that these cryptocurrencies may have higher volatility and risk.
On December 29th, OKX announced the delisting of a large number of privacy coins, including ZEC, ZEN, XMR, and DASH.
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Anticipating Regulatory Issues? OKX Unexpectedly Delists Most Privacy Coin Spot Trading Pairs
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GMX
Sushi
Privacy coins
Binance
Monitoring tags
Privacy tokens
Further reading
Daily Digest 10/11 | Ethereum’s First Deflationary Period After Merge; Regulatory Approach to DAO, No Voting
New Sushiswap CEO Accused of Multiple Frauds! SUSHI Drops Over 10% in a Single Day
