ShapeShift Introduces Identification Requirements, Highlights Need for DEXs and Dash

[Mark Mason]

ShapeShift Introduces Identification Requirements, Highlights Need for DEXs and Dash

ShapeShift.io, the popular cryptocurrency exchange platform that previously did not require any accounts or registration, will begin rolling out an optional membership registration that will soon become mandatory.

The ShapeShift blog post written by founder and CEO Erik Voorhees, describes the “ShapeShift Membership [as] a loyalty program” that will include such features as “higher trading limits, rewards on trading volume, better pricing, private market and trade data, and early access to new coins, products and services”, depending on membership level. There will be five membership levels, with level 1 being free, but membership still “requires basic personal information to be collected”.

Erik went onto described in the blog post that the team is not pleased with the new developments, but is still committed to the original goals of cryptocurrency.

Read more - https://www.dashforcenews.com/shape...quirements-highlights-need-for-dexs-and-dash/​

 

[GrandMasterDash]

Not entirely surprising considering ShapeShift was in cahoots with companies like Coinfirm. One of ShapeShift's long time requirements has been a "refund address". In theory, they only need a refund address for the minority of cases where a transaction fails. But it's rather convenient they require a refund address all the time. What is the significance of this? - users will typically paste the next address they use.. meaning, ShapeShift and it's partners get to know in advance who spent from that address. It helps to fill in the gaps in chain analysis.

 

[Terry Gate]

The government have stepped in here. I'd recommend anyone that values their privacy to stay away from ShapeShift registration, it's likely their privacy has been compromised heavily. Check Erik's twitter.