The cryptocurrency exchange binance was criticized this week for including the ZCASH privacy token (ZEC) among these cryptos for a vote to be struck off.
ZCASH, which has a market capitalization of $ 500 million, appeared on the ballot with the FTT FTT token and the Jasmy data security platform.
The founder of Zcash, Zooko Wilcox, marked the CEO of Binance Richard Teng in a tweet on Tuesday: “You plan to set up Zcash!? What kind of people do you create? Do you want your children to grow in peace and prosperity, or an episode of black mirror?”
The founder of Digital Currency Group, Barry Silbert, also shared several positions deploring Binance’s decision to include ZCASH on the list.
The feeling was also taken up by CTO Charles Guillemet and the CoFoudner Cosmos Ethan Buchman, who both stressed the importance of privacy.
From Binance’s point of view, confidentiality tokens have long been a subject of discussion between financial regulators. In 2022, an EU disclosed document suggested that confidentiality tokens could be prohibited in the region.
Tornado Cash confidentiality protocol was also sanctioned by the United States in the midst of crime concerns, although these sanctions were abolished last month.
ZEC is currently negotiated at $ 31.26 after falling 3.1% in the last 24 hours.
