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Binance Removes EOS Token From Listing For P2P Trading

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Binance Removes EOS Token From Listing For P2P Trading

Binance Removes EOS Token From Listing For P2P Trading
CONTENT

  • Binance Removes EOS Token From Peer-to-Peer Trading Listing

  • The exchange did not name the reason for the delisting of the asset, which caused bewilderment among the cryptocurrency community

  • Reporter Colin Wu claims EOS was particularly popular in China in 2018

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Binance Crypto Exchange Announces DAI Stablecoin Listing And Removes EOS From Peer-to-Peer Trading Platform

Binance Removes EOS Token From Listing For P2P Trading

Crypto exchange Binance has removed a token from the listing of peer-to-peer (p2p) trading As the use of cryptocurrencies increases, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More EOS. The exchange announced this on its website. According to the official announcement, the exchange ended its support for the EOS token for p2p trading on November 27 at 9:00 Moscow time. The trading platform did not name the reason for the delisting, but announced the addition of support for the DAI stablecoin.

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The cryptocurrency community expressed bewilderment about the exchange’s decision to unilaterally remove EOS from the list of supported assets for p2p trading without explaining the reasons.

Source: twitter.com

Binance Removes EOS Token From Listing For P2P Trading

Local blockchain correspondent Colin Wu notes that EOS was hugely popular in the Chinese market in 2018, but does not name any possible reasons for the delisting..

To the anthem of limitations

In June, BeInCrypto reported that the Chinese authorities launched a massive anti-money laundering operation, which killed more than 1,000 bank accounts. Then many owners of cryptocurrencies, as well as the manager of the Bixin cryptocurrency wallet San Shiaoshiao, began to complain on the Chinese microblogging service Weibo that their bank accounts were frozen on the initiative of the police in the Chinese province of Guangdong.

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It was assumed that users who carried out over-the-counter transactions (OTC) with cryptocurrencies were caught under the raid by the regulator. Whether the delisting of EOS due to its popularity in China is part of a preventive measure remains unknown..

At the same time, the Chinese authorities initiated public consultations on the proposed amendments to the law on the activities of the People’s Bank of China. Among the innovations is also a ban on the issue and circulation of private cryptocurrencies. The results of the consultations will be announced by the end of 2020.

EOS / USDT price at the time of writing is $ 2.91.

Binance Removes EOS Token From Listing For P2P Trading

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