Coinbase UK delisting ZEC
Binance USA does not want to list Zcash?
I have no special insight here, but my guess is regulatory issues.
What’s the sense behind IF it’s a regulatory issue that it can not be disclosed in the case of Coinbase UK? And not being listed on Binance USA is doubtable if it’s related to regulatory, but more an internal Binance decision for whatever reason.
If it was regulatory the other UK exchanges would’ve dropped ZEC as well, so its not that. The govt would be going after cex as well.
Wondering if its a Greyscale+Coinbase thing where part of their deal means they Coinbase cant hold the coins.
I think a macro view is insightful in that I presume governments will act antagonistically towards cryptos in general and will do whatever they can to make access to them by the masses to be as difficult as possible. Since they can’t control them, they will restrict them…
This makes as well sense:
The move drove many to speculate on the reasons behind it. UK-based Bitcoin entrepreneur Alistair Milne tweeted that the delisting was likely a precondition to Coinbase getting access to the U.K. faster payments system.
“I.e. it wasn’t a regulatory requirement, but a banking one,” he suggested.
Banking requirements are the result of regulations.
What UK bank would want to lose access to “Faster Payments” system.
So will all UK exchange that want UK GBP transfer delist Zcash?
Barclays (famous bank) dumped Coinbase.
Clearbank, start-up bank, accept Coinbase as customer BUT only if Zcash delisted.
ZEC/GBP is dead.
Actually it is worse?! They are not just a “bank” they are a “clearing bank” giving service to other banks and finance companies. They are new, start-up, hungry for biz, but find Zcash too risky.
It’s a bummer, but it’s not a death blow. You can still buy Zcash in the UK with Gemini and various others.