Posted 2 years ago | by Ben Armstrong

Zcash Removal from Coinbase

Zcash is getting removed from Coinbase in the United Kingdom. An email obtained this morning by BitBoy Crypto from a U.K. Coinbase user indicates that users will no longer be able to carry a balance of Zcash in their accounts.

U.K. Coinbase customers have until Monday, August 26th to either remove the Zcash from their exchange wallet or convert it to a different cryptocurrency. If you do not take one of those options, a user's Zcash will be automatically liquidated into GBP.

Coinbase has pledged to send reminders to Zcash holders over the coming weeks. However, a 17 day notice does not seem like very much time. The swift Zcash removal from Coinbase could be tied to a report this week that the U.K. tax authority had been asking exchanges, including Coinbase, for customer info and transactions.

Regulators must be breathing down Coinbase's neck for this to be so sudden. This is especially surprising because Zcash was recently featured as part of the Coinbase Earn program.

Here is a screenshot of the email from Coinbase:

zcash removed from coinbase

To see more on this story and others, make sure to check out today's BitBoy Crypto News video:

[youtube v="wHJWhoncyoo"]

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Breaking: ZCASH Getting Removed from Coinbase in the U.K.Ben Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.