Zcash may be delisted by Binance, causing dissatisfaction in the industry, and regulatory pressure on privacy coins reemerges

ChainCatcher news, according to CoinDesk, Binance has initiated a vote to decide whether to delist one of the three tokens: Zcash (ZEC), FTT, or 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. ZEC currently has a market capitalization of approximately $500 million, with a price drop of 3.1% in the last 24 hours to $31.26. Privacy coins have long faced regulatory pressure, and the European Union has previously proposed a complete ban on such tokens.