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That may help ShapeShift redeem itself to customers who have fled the exchange for more private pastures. After this article was originally published, ShapeShift Chief Legal Officer Veronica McGregor told Decrypt, "Many of our customers were dismayed in when we implemented KYC, and they were overwhelming supportive and excited about the news yesterday. And typically, the way regulators have regulated the financial system is to regulate intermediaries.
Well, maybe not. Because DeFi tries to replicate financial services, and financial services is regulated, providing services to interact with DeFi is likely to be captured by financial services regulation. There's a big difference between, say, developing software that doesn't implicate MSB reg versus, say, operating part of an unregistered MSB that happens to have a DeFi backend.
We are a well-known and established company that must remain fully compliant with all laws. What is changing is that we are sunsetting the regulated activity of trading with customers—there is no reason for us to continue providing that service.
Regardless of whether that value is worth any potential regulatory headaches that come its way, ShapeShift certainly hopes that it knows its customers. Back then registering an account was a mere option but it became obligatory as of October 1. New policy explained Eric Voorhees stated that there are several reasons behind the decision of accounts implementation. Among them is the increased number of users requesting features that are account-related such as an ability to record the history of transactions , a growing interest in tokenization, etc.
Do Bitcoin and Cryptocurrencies Have a Future? Monero chasers The new policy of the exchange seems to have upset XMR enthusiasts.

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Using Shapeshift Ethereum Splitter Tool Shapeshift announced the launch of its Ethereum Splitter recently on its official blog , along with detailed instructions for use. Could you be next big winner? In order to split the coins, one has to replay the transaction. The Ethereum Splitter tool is available on www. Whereas, for ETC there are limited options at the moment. The user will have to send the coins that need to be split to that address. The platform charges a fee of 0.
Shapeshift states that the process may take up to 5 minutes to be executed. A new type of model is imperative, the model of a DAO. The crypto trading platform pioneer, concerning the reason for going the DAO way said centralization has become a problem in the realization of their vision. But why should we, an established and well-funded for-profit corporation, consider such a model? Simple: centralization has become a liability against the realization of our vision.
Therefore, they are taking the lead. We must be the change we wish to see in the world. Equity and incorporation fasten an organization to jurisdictional friction. Appropriate for industrial companies in the 20th century. Inappropriate for digital companies in the 21st.
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