New York releases draft for unique and innovative BitLicense

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#bitcoin — Ben Lawsky (@BenLawsky) July 9, 2014. These regulations have been highly-anticipated in the crypto-currency community for a number of different reasons: chief of which is the importance of New York being the first State in the USA to piece together regulations at this level. And members of the community are expecting it to be done right. These regulations will no doubt serve as a ... Ben Lawsky zealously followed and supported Bitcoin regulation in New York, even when the Bitcoin community spoke out in opposition. Furthermore, since his new firm provides consultancy on virtual currency in regulations in New York, the natural question is: did Lawsky use his position in the NYDFS to set himself up for private sector success? Hochstein probed Lawsky for a reaction to the ... In November 2017, the former New York Superintendent of Financial Services who pushed for the Bitlicense, Ben Lawsky, joined Ripple’s board of directors. And the list goes on and on as far back as in 2015, when Itbit hired former NY DFS General Counsel Daniel Alter as its general counsel and chief compliance officer. All of this is, of course, not illegal and serves both parties. The crypto ... — Ben Lawsky (@BenLawsky) December 3, 2014 Generally speaking, most of the reviewed comments revealed unanimous opposition regarding the contents of the proposed BitLicense, despite the fact that the idea of a license for regulation of Bitcoin and other cryptocurrencies was highly endorsed by a considerable number of online businesses. Proposed Regulations Submitted for a 45-Day Notice and Comment Period to Solicit Public Feedback Benjamin M. Lawsky, Superintendent of Financial Services, today announced that the New York State Department of Financial Services (DFS) has issued for public comment a proposed “BitLicense” regulatory framework for New York virtual currency businesses. In order to comply with the regulations in New York, businesses must follow all the rules within 45 days or risk criminal prosecution. Once the so-called BitLicense has been applied for and approved by Superintendent Ben Lawsky and his department, the prospective Bitcoin business will have the freedom to operate in the state of New York. Erik Voorhees on Ben Lawsky’s Bitcoin Firm: “It’s the Very Definition of Crony Capitalism” June 24, 2015 By Kyle Torpey CEO Erik Voorhees was recently interviewed by Paul Buitink , Jop Hartog , and Tuur Demeester on the deBitcoin weekly hangout , and he discussed his company’s recent reaction to the finalized BitLicense . Lawsky has faced considerable criticism from the bitcoin community for the proposal, which a number of entities have suggested will stifle innovation in the crypto-currency sector in the state. Still, Lawsky is adamant that the regulations are a good first step in responsibly regulating bitcoin, and he’s said he wants to do it right (New York is the first such state to establish such ... Ben Lawsky Introduces Changes to the Bitcoin Bitlicense Regulations at Money 20/20 in Response to feedback from 90 Day Comment Period on Initial Proposal Die Stadt, in der Ben Lawsky vergangenes Jahr ... „We are working with federal and state governments to launch in full compliance with all Bitcoin regulations and consumer protection laws.“ Wenn es um die Zukunft von Tauschbörsen geht, stimmen viele Experten überein: Ein weiteres Mt. Gox oder Bitstamp darf es nicht noch einmal geben. Das würde nicht nur dem Bitcoin an sich schaden ...

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