1 year ago
Horizen, a self-described furniture 0 blockchain, has scrapped its privateness coin statement pursuing planetary regulatory scrutiny.
The determination comes aft unit from regulators connected privateness coins. Crypto speech Huobi delisted respective privateness coins successful September successful bid to comply with regulations successful assorted jurisdictions, and the European Banking Authority publishing draught guidance successful March that highlighted the anti-money laundering hazard associated with the tokens.
"Zen volition nary longer beryllium considered a privateness coin aft the deprecation of the mainchain shielded pools," Horizen wrote connected Twitter. "We are actively moving with our speech partners to support ZEN accessible for our planetary users."
The token is presently trading astatine $7.09 aft making a flimsy determination to the upside arsenic its trading pairs struggled to support liquidity connected Binance and Coinbase, according to CoinMarketCap.
Horizen is backed by crypto hedge money Grayscale's Horizen Trust, which is worthy astir $4.3 million, according to CoinGlass. Grayscale is simply a sister institution to CoinDesk, some owned by Digital Currency Group.
Edited by Sheldon Reback.
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