Earlier, leading exchanges such as Kraken, Huobi, and Bittrex had already delisted popular privacy coins like Monero and Dash. The currencies under scrutiny are Bitcoin Cash, Binance Coin, Bitcoin, Cardano, Dogecoin, EOS, Ethereum Classic, Ethereum, Filecoin, Litecoin, Monero, Neo.
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These laws have an implementation timeline of 18 months to ensure full compliance and effective implementation of the regulatory framework.Ĭryptocurrency companies, including Ripple, have expressed their appreciation for the regulatory clarity provided by the MiCA (Markets in Crypto Assets) regulations.īinance’s decision to cease support for privacy coins dealt a major blow to advocates of these cryptocurrencies in Europe. Monero (XMR) live and historical prices, trading volume, market capitalization, cryptocurrency converter, and news. In July, the European Securities and Markets Authority (ESMA) is set to initiate a consultation process for MiCA. Consequently, there is a potential risk for firms facilitating the trading of privacy coins to be non-compliant with EU law.ĮU policymakers have established clear regulations with the goal of positioning Europe as a leading hub for cryptocurrencies and digital assets. Stock chart is not supported by your current browser 3 Cryptos That Are Better Buys Than Bitcoin or Ethereum Many crypto investors will likely. This regulation includes the “travel rule” for crypto transactions, which requires enhanced transparency and information sharing. Monero is classified as a Currency under CoinDesks. So far this year, Monero has a change of 11.24. The live price of XMR is 143.90 per (XMR / USD) today with a current market cap of 2.62B USD.
The decision to delist privacy-focused tokens came as a response to the European Union’s implementation of the Markets in Crypto Assets (MiCA) regulation. The recent price action in Monero left the tokens market capitalization at 2,981,935,756.19. Binance is working to integrate the Bitcoin Lightning Network for deposits and. Binance Complies As EU Sets Standards For Digital Assets Bitcoin Price Index (XBX) Ether Price Index (ETX).
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