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

Erik VoorheesErik Voorhees

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 Services Department, a move that drew a heated response from the bitcoin community.)

Is Lawsky as bad as Kim Jong Un?

Voorhees was reserved in comparing Lawsky to North Korean dictator Kim Jong Un. He told The New York Post that Lawsky is not as bad as Kim Jong Un, but he does require the same spying provision on his citizenry.


Read more ... source: CryptoCoinsNews