Humans of Bitcoin

Stories about people and bitcoin for non-geeks

Author: Bitcoin.com

Humans of Bitcoin tells the stories of people whose lives have been impacted by cryptocurrency and blockchain technology. Guests range from activists and refugees to artists and entrepreneurs. At Humans of Bitcoin, we just want to know how cryptocurrency is changing people's lives, and why. Hosted by Matt Aaron. Part of the Bitcoin.com podcast network.
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Language: en

Genres: News, Personal Journals, Society & Culture, Tech News

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Culture, Maximalism, KYC, + ShapeShift - Erik Voorhees
Episode 7
Tuesday, 17 December, 2019

"What that means is it's a grey area.... We wanted to be patient and see the token models that worked, the token models that did not, and the things that we should stay away from as a business." If you are going to start a business in cryptocurrency, you must deal with a high level of regulatory and legal uncertainty. Navigating the world of KYC, lawyer fees, and vague directives from government agencies, ShapeShift has evolved over the last 5 years. The uncertainty has caused Erik to make some very tough decisions in order to stay relevant as a cryptocurrency company. Recently, they launched commission-free trading with the FOX token. Erik walks through this decision, the critics of their move to implement KYC/AML, and views on money and state. After all, you don't have to go through KYC when you go out to eat at a restaurant.