Zcash Rages Up, What Happens to Zcash?

Zcash suddenly rose to the level of US $ 350 or around 4.8 million rupiah per Zec. This is remarkable because it is up around 44% according to the Coinmarketcap index. Zcash's price increase was triggered by the announcement that had just been made. On May 19, 2018, the Gemini coin exchange will officially trade Zcash. This news was welcomed by all Zcash fans, which led to many Zcash coin purchases.

Following is the official statement from Gemini.“We have been working closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Zcash trading and custody services to our customers as a New York trust company. Our approval makes Gemini the first licensed Zcash exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise Zcash, reaffirming their position as the leading financial regulator in the area of digital assets. Regulatory certainty and oversight are critical for both fostering innovation and protecting consumers — and we’re excited to provide our customers with a safe, secure, and regulated platform to buy, sell, and store Zcash. We are proud to be supporting this new and incredible technology, and contributing to the next generation economy and the future of money.”

Gemini officially became the first official Zcash trading exchange in the world. The New York State Department of Financial Services (NYSDFS) is the regulatory agency that will control Zcash.