One of the core Bitcoin accounts on X (formerly Twitter) shocked its followers and cryptocurrency enthusiasts with a post on September 6 celebrating Bitcoin’s (BTC) lack of privacy, amid centralized exchanges delisting privacy coins for regulatory compliance.
Answering another post that said: “Privacy coins will be outlawed and delisted from all exchanges. For Europe it starts now”, the core account celebrated that “Bitcoin does not have to worry about this.”
Good thing #Bitcoin does not have to worry about this. https://t.co/mdKxq9hBH3
— Bitcoin (@Bitcoin) September 6, 2023Although there are no official Bitcoin accounts on any socials, because Bitcoin is not a company, but a decentralized system built by independent contributors worldwide, this specific account is highly influential.
Comments about the post from @Bitcoin. Source: X (registered on September 7, at 10:30am UTC)
Notably, the owner of the unique Bitcoin handle on X has not answered any of these comments yet, or commented on this matter again, by the time of publication.
Privacy coins being delisted
Following a series of previous delistings, Binance has announced that Monero (XMR), MobileCoin (MOB), Firo (FIRO), and Horizen (ZEN) will be delisted in Belgium by September 21:
“Binancians that reside in Belgium will no longer be able to purchase, or trade certain privacy coins on our platform.”
— Print-screen of a supposed email sent by the Binance team, shared by MisterCh0c (@Mister_Ch0c)This is not the first time Binance or other centralized exchanges (CEX) have removed privacy coins for regulatory compliance.
In this context, this is also not the first time that privacy advocates have questioned the Bitcoin community on similar topics, as reported by Finbold on August 7, when the ‘Bitcoin Twitter’ raged as the Samourai Wallet (BTC only crypto wallet) announced a Monero-based feature to boost privacy.
