![]() ![]() The WSJ article’s implication that ShapeShift is somehow negligent or complicit on this issue of money laundering is false and absurd emblematic of a media industry that cares more about clickbait sensationalism than it does about improving the financial state of mankind. Shortly afterward, ShapeShift was accused of being involved in a money-laundering scheme by the Wall Street Journal.Įrik Voorhees, CEO at ShapeShift was quick to dismiss the claims as “wildly inaccurate,” outlining: In an interview for Bitcoinist, Ilya Bere, CEO at Changelly, revealed that he was “honestly” surprised by the move. While the official release claims that their new exchange feature will be provided by various third parties, their initial pick of Changelly and ShapeShift is quite interesting.īoth are instant cryptocurrency exchange platforms but the latter has recently introduced “mandatory” KYC requirements in order for its users to exchange digital currencies. Your personal information will not be processed by Trezor Wallet / SatoshiLabs, nor will it ever be requested by the company. Customer support for exchanges will be serviced by the partners. If the exchange providers decide to enact KYC, registration and verification will be done by them. Trezor Wallet will always operate without KYC, as the Wallet or your Trezor device are not custodial. – reads the official announcement.Īs a matter of fact, nothing associated with the exchange process will be handled by Satoshi Labs, including KYC requirements: In this initial release, we have decided to cooperate with ShapeShift and Changelly. The exchange feature is provided by various third parties SatoshiLabs bears no responsibility for the process, exchange rates, fees, or functionality. fails.570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. ZipUp+ products are not defined as “deposits” under Section 4B of the Banking Act and hence there is no insurance by the Singapore Deposit Insurance Corporation Limited in the event if Zipmex Pte. Please review this link for the full terms and conditions and risk disclosure. ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction.You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens. You should be aware that the value of DPTs may fluctuate greatly.This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex. You should not transact in the DPT if you are not familiar with this DPT.This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails. ![]() Zipmex is not currently licensed by MAS to provide DPT services.The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.īefore you pay Zipmex any money or DPT, you must be aware of the following. RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES ![]()
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