Zcash ‘Brexits’ as Coinbase Delists Privacy-Focused Altcoin in the UK
Jack Martin's original article for cointelegraph.com reduced by 52%
United Kingdom-based customers of Coinbase are reportedly being informed that the exchange will be dropping support for the privacy-focussed Zcash as of Aug. 26, 2019. Option one, any Zcash held on Coinbase can be converted into any other cryptocurrency on the exchange.
Option two, simply send the Zcash to an external wallet or another exchange. Failing either of these options being carried out, any Zcash still held on the exchange by the Aug. 26 deadline will be liquidated into GBP.
The ZEC wallet will then be removed from the Coinbase account. Zcash still useable in the U.K. The developer of Zcash, Electric Coin Company, confirmed the news on Twitter, but was quick to point out that this issue was limited to Coinbase customers.
"To pre-empt speculation, we confirm that Zcash is 100% compatible with UK regulations & KYC/AML requirements," they wrote, stating that no other exchanges in the U.K. were affected. Meanwhile Zcash recently forked to create a new blockchain network dubbed Ycash.
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CN [too long; didn’t read]
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