On 25 August 2026, Zcash began trading in a spot exchange-traded fund on NYSE Arca. On 10 July 2027, a European regulation takes effect that removes it from regulated platforms in the European Union. Notably, the European text does not name the currency, but rather its feature: anonymity “systematically or optionally” — and optionality specifically is what kept Zcash eligible for listing in America. The market priced the first date, and has not yet priced the second.
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