Zcash slips as hackers exploit privacy token, Winklevoss slams KYC
- —Zcash traded lower after reports of criminal use of the token
- —Winklevoss spoke out against KYC rules for privacy assets
- —Analysts had flagged rising laundering activity through Zcash
Why it matters: Mounting scrutiny of privacy coins raises regulatory risk for ZEC and could accelerate capital outflows from the sector.
Source: Google News (crypto query)