Bitcoin exchange ShapeShift to close its NY ops
Company to take a 1% hit in volume following the decision
Erik Voorhees-led Bitcoin exchange ShapeShift has decided to shut down its New York City operations, protesting the recently released Bitcoin regulations, CNBC reported today.The final BitLicense regulation demands that Bitcoin businesses record personal information of its users (through the KYC norm) and the cryptocurrency swapping place is not comfortable violating its policy of not storing […]
