Zcash may be taken down by Binance, causing dissatisfaction in the industry, and the pressure of privacy coin regulation reappears

According to CoinDesk, Binance has initiated a vote to remove one of the three tokens, Zcash (ZEC), FTT, and JASMY, which has sparked strong dissatisfaction among privacy coin supporters. Zcash founder Zooko Wilcox, DCG founder Barry Silbert, Ledger CTO, and others have publicly voiced their opposition, emphasizing the importance of privacy rights. The current market value of ZEC is about 500 million US dollars, with a price drop of 3.1% in 24 hours to 31.26 US dollars. Privacy coins have long faced regulatory pressure, and the European Union has proposed a comprehensive ban on such tokens.