Monero (XMR) and other privacy coins are at risk of delisting in Binance

[btcswimmer]

In a recent announcement, the infamous crypto exchange Binance has added the Monitoring tag to Monero and other privacy coins.

Cryptocurrencies with the Monitoring tag are at risk of delisting from Binance.
This comes after a strong regulatory pressure against Monero and other privacy-preserving cryptocurrencies.

In my opinion, this wave of de-listings is showing us just another time that centralized exchanges cannot and should not be trusted. Decentralized exchanges such as Bisq are definitely a decentralized, more secure way to exchange your coins without compromising your privacy and without the risk of being FTX'ed.

Stay safe. Be sovereign. Avoid CEXs.

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[The Watcher of All]

That's why DeFi with DEXes need to take over!

[avikz]

Please be informed that Binance is not doing it at their own will. Privacy coins are considered as a potential threat to National Security by the US government. That's why they are forcing Binance to delist any privacy coins from their marketplace. So this incident should not be seen as the mistake of Binance.

In due course of time, the truth will surface but I strongly believe Binance is not doing it willingly.

And yes, Decentralized exchanges are available for you to use just in case.