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.

“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,”, Binance notes.
The reason for the delisting is obviously not specified in the announcement, other than to say that it is “based on recent reviews” and that the coins are “at risk of no longer meeting our listing criteria.”

This comes after a strong regulatory pressure against Monero and other privacy-preserving cryptocurrencies, in both the European Union and in the United States of America.


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.