Bitcoin Investor Erik Voorhees Talks About Overregulation Risks

Bitcoin Investor Erik Voorhees Talks About Overregulation Risks

With so many states and governments starting to draft their frameworks for cryptocurrency regulation, some bitcoin enthusiasts are expressing concerns about the risks of overregulation. In particular, long-time bitcoin investor Erik Voorhees of ShapeShift has taken a stance against New York's BitLicense. Recall that this regulation has been criticized for potentially dampening innovation in the cryptocurrency industry, as it would require companies to secure several licenses for their bitcoin-related products. This might prove to be very costly especially for startups. Too Much Regulation....


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Erick Voorhees: Lawsky's Bitcoin Crackdown Is Like North Korea, Creates Security Risks

Erik Voorhees. Erik Voorhees, founder and CEO of ShapeShift, the Switzerland-based digital currency exchange, views Ben Lawsky's bitcoin crackdown as alarmingly similar to North Korean communism. Voorhees made the comparison between Lawsky, the architect of New York State's BitLicense, and North Korea in an interview with The New York Post. Voorhees is not the only bitcoin enthusiast who isn't standing in line to sign up for Lawsky's soon-to-be launched bitcoin consultancy. (Lawsky recently said he plans to begin a consultancy when he leaves his role as head of the New York Financial....