ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns
XMR, DASH and ZEC "were delisted at the same time for the same reason – to further derisk the company from a regulatory standpoint."
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Switzerland-based ShapeShift.io has announced it will integrate Zcash (ZEC) with its trading platform, following the coin’s launch and subsequent moonshot in price. On Friday, October 28, the Zcash cryptocurrency was open to the public as a significant portion of miners started mining the anonymous asset. Zcash came out of the gate costing quite a bit of....
ALSO: ShapeShift delists three privacy coins citing regulatory uncertainty and $3 billion in blockchain bonds come to market on Friday.
ShapeShift.io has integrated Zcash, the consumer privacy-focused digital asset, into its blockchain exchange platform. Customers can now buy or sell Zcash instantly along with bitcoin, Dash, Ethereum and dozens of other digital assets. Zcash for the first time offers selective transparency of transactions. Its cryptography can hide the sender, recipient, and value of all transactions on the blockchain, providing total payment confidentiality. Its protocol makes blockchains useful for a range of applications that clear-text, fully transparent blockchains cannot be used for, including....
The delisting of Dash and Zcash has some wondering about the future of privacy coins on major exchanges. It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely. While the ban may sound extreme, regulators have recently honed in on the use of privacy coins like Monero (XMR), Zcash (ZEC) and Dash. For example, in September this year, the United States Internal....
Per a Forbes exclusive, activist Edward Snowden revealed his participation in a ceremony that led to the creation of the privacy coin Zcash. Developed by the Electric Coin Company (ECC), the privacy coin was deployed in 2016 in a secret ceremony with the aid of 6 individuals. Related Reading | New York Prosecutors Present Clear Legal […]