Euronext halts CoinShares’ Zcash ETP as Europe’s privacy coin crackdown looms

Euronext has pulled CoinShares’ new Zcash exchange-traded product from its Paris market. This was only hours after the issuer announced the launch, blocking what would have been the fourth Zcash fund to list in Europe this year. While Euronext did not provide a reason for the removal in its initial statement, speculators are saying that it may not be unrelated to the upcoming deadline surrounding Zcash (ZEC) in Europe. The European Union’s Anti-Money Laundering Regulation will stop licensed crypto firms from handling privacy coins such as ZEC from July 1, 2027. What did Euronext say was the reason for the suspension? While Euronext did not give any reason in its suspension notice , a company spokesperson later said it was more about the settlement plumbing than about regulation.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.