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Ben Lawsky is having a hard time winning over the bitcoin crowd.
ShapeShift, a Switzerland-based exchange for digital currencies, slammed the outgoing Department of Financial Services superintendent over new regulations for operating a bitcoin exchange in the Empire State.
Lawsky’s BitLicense, which went into effect last month, collects an “Orwellian” amount of information on its users and creates a security risk, according to Erik Voorhees, ShapeShift’s founder and chief executive.
ShapeShift, a Switzerland-based exchange for digital currencies, slammed the outgoing Department of Financial Services superintendent over new regulations for operating a bitcoin exchange in the Empire State.
Lawsky’s BitLicense, which went into effect last month, collects an “Orwellian” amount of information on its users and creates a security risk, according to Erik Voorhees, ShapeShift’s founder and chief executive.
Full story: http://nypost.com/2015/06/11/lawksys-new-bitcoin-rules-akin-to-spying-on-users-critic/