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CryptoGlobe 2024-02-08 03:34:00

Binance Faces Community Outrage Over Delisting Privacy Coin Monero Amid Regulatory Pressures

Leading cryptocurrency exchange Binance is facing backlash from the cryptocurrency community after moving to delist the privacy-centric cryptocurrency Monero ($XMR), leading to a significant price and trading volume drop for the token. The move came amid concerns that Monero’s use of stealth addresses does not align with Binance’s requirement for transactions from publicly transparent addresses.

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