According to CoinDesk, ChainCatcher reports that Binance initiated a vote to delist 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, and Ledger CTO, among others, have publicly spoken out against the move, emphasizing the importance of privacy rights.ZEC currently has a market capitalization of around $500 million, with its price dropping 3.1% in 24 hours to $31.26. Privacy coins have long faced regulatory pressure, with the EU previously proposing a comprehensive ban on such tokens.
