Amid Widespread Privacy Coin Delistings, Bitstamp Considers Zcash Support
Bitstamp, one of the oldest cryptocurrency exchanges, is exploring the prospect of adding Zcash to its list of trading instruments.
Due to the update of the FATF financial principles, more and more crypto exchanges are abandoning support for digital assets with a high level of confidentiality. However, the Luxembourg-based trading platform announced that it is considering supporting the ZEC..
Currently, the exchange is conducting a comprehensive examination of seven projects at once: Stellar, Ethereum Classic, Zcash, 0x, Basic Attention Token, Paxos Standard and USD Coin.
This is the first revision of Bitstamp’s listing of trading instruments in three years, and the addition of any new assets will require meeting strict selection criteria as well as regulatory approval in certain jurisdictions. Therefore, the exchange does not guarantee the listing of new coins, but strives for this..
In addition to tightening guidelines, the FATF intends to launch a global monitoring system cryptocurrency transactions.
text: Ivan Malichenko, photo: Shutterstock