Coinbase UK Drops Support For Zcash

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In an email sent to its users, the UK arm of crypto exchange Coinbase announced that it will drop support of Zcash on August 26, with customers expected to convert their Zcash holdings before that date. While Coinbase has yet to provide a reason, the company behind the crypto, the Electric Coin Company, did preempt any speculation, stating that Zcash is compliant with UK know-your-customer and anti-money laundering requirements.

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