Binance collapses and will not launch ZCash, the privacy cryptocurrency
Binance, one of the main cryptocurrency exchange houses, announced on Wednesday, July 9, 2025 the elimination of the monitoring label applied to ZCASH (ZEC) and the seed label of several other tokens, with immediate effect.
The decision, detailed in an official statement, is derived from recent reviews of the listed assets and seeks to adjust the risk classifications on the platform. Zooko Wilcox, who as Cryptonotics reported is the founder of ZCASH, celebrated the measure in social network X, Inntering it as an advance in the support of technologies focused on privacy, While the community observes the change in the midst of debates on regulatory scrutiny.
Binance’s announcement states that the monitoring label, which until now affected ZCASH, will be withdrawn as of today, reflecting a reevaluation of his status.
The exchange house also eliminated tokens seed labels such as Ethena (ENA), Pyth Network (Pyth), Bittensor (Tao) and Wormhole (W), indicating a change in the perception of these assets in terms of volatility and risk. According to the platform support page, these labels are part of a periodic review process to guarantee transparency and protect users, being monitoring A historical indicator of regulatory or operational concerns.
The monitoring label was applied to ZCASH by Binance in 2024, according to cryptootics, probably In response to regulatory pressures in various jurisdictions due to the privacy characteristics of Token.
This classification came after previous considerations of disseminating ZCash, a decision that Wilcox had publicly criticized as ironic, Given the use of ZK-Snark technology of ZCash by Binance In their own reservation test system (proof of reserves).
The label served as a warning to users, highlighting possible risks associated with this cryptocurrency oriented to privacy, which allows protected transactions to hide details of sender, recipient and amount.
The withdrawal of the monitoring label suggests a change in the evaluation of ZCash by Binance, although the platform It has not detailed the specific factors that motivated this decision.
Wilcox comments in X reflect optimism, linking action to greater support for privacy in space. As the market reacts, the adjustment could influence the commercial activity and the confidence of ZCASH investors and the other affected tokens, although immediate impacts have been reported on its assessment.
