Liquid to Delist Zcash in Preparation for Singapore License
Liquid Exchange will delist Zcash cryptocurrency in preparation for obtaining a Singapore license. This was reported by Electric Coin Company, which oversees the development of Zcash..
According to the notice, 28 other cryptocurrency assets will also be delisted. Electric Coin believes the decision to remove their coin from the platform was made by Liquid due to “excessive precaution to obtain a license as soon as possible.”.
“Zcash is fully compliant with anti-money laundering and anti-terrorist financing requirements. The same applies to the Singapore exchanges and is confirmed by the Singapore Monetary Authority, ”the company writes..
Electric Coin also says it is unaware of similar plans from any other exchange and expects Zcash to be re-listed on Liquid.
The support of Zcash by regulated exchanges is facilitated by the availability of private and public addresses for the cryptocurrency. Trading platforms, as a rule, avoid working with the first type of addresses, but are ready to accept deposits from the second. Thanks to this, Zcash is available, for example, on the American exchange Coinbase.
Last week, a user successfully tracked a private Zcash transaction using a short time slot after it was transmitted from the original public address.
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