3 weeks ago
Cryptocurrency speech Binance has been criticized this week for including privateness token Zcash (ZEC) among those cryptos up for a ballot to beryllium delisted from the exchange.
Zcash, which has a $500 cardinal marketplace cap, appeared connected the ballot alongside FTX's FTT token and information information level JASMY.
Zcash laminitis Zooko Wilcox tagged Binance CEO Richard Teng successful a tweet connected Tuesday: "You’re considering delisting Zcash!? What benignant of satellite are you creating? Do you privation your children to turn up successful bid and prosperity, oregon a Black Mirror episode?"
Digital Currency Group laminitis Barry Silbert besides shared respective posts lamenting Binance's determination to see Zcash connected the list.
The sentiment was besides echoed by Ledger CTO Charles Guillemet and Cosmos co-foudner Ethan Buchman, some of whom highlighted the value of privacy.
From Binance's constituent of view, privateness tokens person agelong since been a taxable of treatment among fiscal regulators. In 2022 a leaked EU papers suggested that privateness tokens could beryllium banned crossed the region.
Privacy protocol Tornado Cash was besides sanctioned by the U.S. amid concerns of criminality, though these sanctions were removed past month.
ZEC is presently trading astatine $31.26 having dropped by 3.1% implicit the past 24 hours.
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