Bootstrap, the nonprofit backing Zcash, has encountered governance challenges, resulting in key board member departures. These tensions stemmed from legal restrictions affecting investment opportunities for nonprofits, compelling Electric Coin Company to split off.
Discussions about Zashi’s future and potential external investments aimed at better capital access highlighted the board’s concerns. Bootstrap emphasized that while nonprofit regulations can limit growth, properly managed for-profits could attract external funds to elevate Zcash.
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