Cryptocurrencies
Crypto World Rocked After Long-Time Advocate Backpedals
- ShapeShift CEO says exchange to request personal information
- Exchange cites need to navigate the regulatory environment
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It’s a dark day for crypto when one of the best known platforms offering peer-to-peer trading, more in line with the original vision for Bitcoin than centralized exchanges, will start asking users for personal information.
Erik Voorhees, chief executive officer of cryptocurrency exchange ShapeShift AG, said in a blog post on Tuesday the platform is launching a membership program, which "requires basic personal information to be collected." and will "become mandatory soon." It seems like an about-face for the platform which Voorhees said was known as “the exchange without accounts.”