Culture, Maximalism, KYC, + ShapeShift - Erik Voorhees

"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.

You can listen to Culture, Maximalism, KYC, + ShapeShift - Erik Voorhees online on Radio and Podcast. Open the player on this page to stream the available audio.

Culture, Maximalism, KYC, + ShapeShift - Erik Voorhees is an episode from Humans of Bitcoin by Matt Aaron.

This episode is 41:00 long.

This episode was published on Dec 17, 2019.

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