Binance Adds 'Monitoring Tag' to Privacy Coins, Subjecting Them to Possible Delisting
• Binance added a "monitoring tag" to privacy coins like Monero, Zcash, and Horizen, putting them at risk of delisting due to higher volatility and regulatory pressure.
• Tokens with the tag are subject to regular review based on factors like trading volume, network security, and contributing to a healthy crypto ecosystem.
• Users must pass a quiz to trade monitored tokens. Other services like trading are unaffected.
• The tag comes amid increased scrutiny of privacy coins by regulators globally and Binance's settlement with US authorities to monitor transactions.
• Delisting some privacy coins in certain countries, Binance has grappled with balancing listings and adhering to local regulations on monitoring transactions.