Replying to Avatar FLASH

⚡️🤡 FYI - Binance just made it clear: If your Zcash (ZEC) has ever touched the shielded pool it’s no longer welcome.

They’ll only accept coins that stayed fully transparent, where every transaction and sender can be traced by their KYC/AML systems.

In other words: Privacy coins are fine as long as they’re not private.

Translation: Binance isn’t rejecting your ZEC. They’re rejecting your right to financial privacy…
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Azz 1mo ago 💬 2

Surely they can only enforce the last transaction.

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ede3d957... 1mo ago 💬 1

You can track the origin of every t address.

If it ever went through a z address you decline it.

That's why optional privacy doesn't give you fungibility.

In Monero every tx is equal. You onlybcan discrimante against the whole.

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Azz 1mo ago

Then any user would need to scan that prior to receiving coins because they wouldn't be able to exchange them if the last person or someone many hands ago shielded.

ed
ede3d957... 1mo ago

That's exactly what I would do. But I am not in the business of cashing out. I am creating the circular economy for Monero.