Potential Zcash Delisting on Binance Raises Industry Alarms

The privacy-focused blockchain's native token appeared on a Binance delisting list alongside FTX's FTT token.

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Binance’s proposal to potentially delist Zcash has drawn criticism from industry leaders, reigniting concerns over the future of privacy tokens.

What’s the Scoop?

  • Binance's Poll: Binance Binance opened a vote to decide which tokens would be delisted, including privacy-focused Zcash (ZEC).
  • Community Outrage: Key industry figures like Zcash founder Zooko Wilcox and others expressed concern over the decision.
  • Privacy Token Stigma: Privacy tokens like Zcash face regulatory scrutiny, with Binance's move reflecting broader global concerns.

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