By CCN Markets: Coinbase users in the UK continue to get bad news, with the latest impacting Zcash holders specifically. The rumor mill began to churn this week when the cryptocurrency exchange unexpectedly dumped ZEC. Now there’s finally confirmation for at least one of the reasons that were bandied about.
UK-based banking giant Barclays severed its relationship with the cryptocurrency exchange. According to CoinDesk, Coinbase is now banking with ClearBank who reportedly demanded that the exchange delist Zcash.
The decision to give Zcash the cold shoulder understandably raised questions about how the move affects privacy-focused cryptocurrencies.
Jeffrey Tucker, Editorial Director for the American Institute for Economic Research, weighed in on the split, suggesting that it might portend more headwinds for Coinbase than for Zcash itself.[Full article @ CCN.com]