Binance does not want to accept funds from shielded addresses as part of their compliance measures. This is why we are working on implementing TEX Addresses. Please see the OP and the below thread for additional information:
I want to bring an important issue to the community’s attention and discuss possible solutions to address the challenges it presents. Binance is under increased regulatory pressure and is considering delisting certain privacy coins, including Zcash, in the coming months unless certain measures are taken to enhance the transparency of transactions and ensure compliance with evolving regulatory standards.
Background
A representative from Binance’s listing team recently approached the Zcash core …
I’m sorry to hear about the issue with your deposit. Binance has indicated to us that they do not want to accept funds from shielded addresses as part of their compliance measures. They have the ability to reject these deposits and return the funds to the sender; however, this is the first time I’ve heard of such a rejection occurring.
This is why we are developing TEX Addresses, which ensures that transactions to Binance derive from a transparent source. Once Binance implements support for TEX…
3 Likes