Does shapeshift require personal data to trade cryptocurrencies?

ShapeShift, once renowned for its privacy-oriented services, has undergone a significant change in its operational procedures.

Prior to October 1, 2018, ShapeShift provided its users with the unique opportunity to trade cryptocurrencies without the necessity of storing any personal data on the company's servers.

This approach appealed to a broad segment of crypto enthusiasts, particularly those concerned with privacy and security. However, as regulations around cryptocurrency trading tightened, ShapeShift had to adapt.

Since the implementation of the new policy on October 1, 2018, ShapeShift now mandates that users provide some personal information to facilitate successful trades on its platform.

While this change may have disappointed some privacy-focused users, it is a necessary step for ShapeShift to comply with regulatory requirements and ensure the safety of its users and the integrity of its trading ecosystem.