Also discussed more in depth here:
https://bitcointalksearch.org/topic/m.2433173
Topic: 2013-06-05 BTCGlobal - “Massive Parallel Licensing” Program Overcomes Regulato.. (Read 20542 times)
June 10, 2013, 05:42:53 PM
June 08, 2013, 01:31:27 PM
If I am understanding the consequences of this, then this is excellent news.
June 08, 2013, 01:21:38 PM
the problem as i see it is that the high price per state is set to stifle competition.
i'm sure the regulators interpretation of the rules will change to favor the incumbents.
i'm sure the regulators interpretation of the rules will change to favor the incumbents.
June 08, 2013, 11:08:03 AM
This is a very smart regulatory approach
June 07, 2013, 05:39:22 PM
https://btcglobal.net/press/info/bitcoin-start-ups-massive-parallel-licensing-program-launch-overcomes-regul
Crowdsourcing licensing for the regulations required to develop and run Bitcoin businesses legitimately? I like that!
more information here: http://forexmagnates.com/compliance-through-alliance-btc-global-introduces-crowdsourced-bitcoin-regulation/
Crowdsourcing licensing for the regulations required to develop and run Bitcoin businesses legitimately? I like that!
more information here: http://forexmagnates.com/compliance-through-alliance-btc-global-introduces-crowdsourced-bitcoin-regulation/
Quote
Massive Parallel Licensing (MPL) is a partnership program that is part franchising and part crowdsourcing, and which BTC Global believes will provide a solution to “regulatory issues in the United States and worldwide facing bitcoin”. In their prepared statement, BTC Global explained that “the highest hurdle for entrepreneurs interested in launching a Bitcoin exchange business is the significant international and local regulatory requirements.” They added that “it is estimated that an investment of over $10 million would be required to reach total legal compliance in all the U.S. 50 states alone.” To solve this problem, MPL will allow bitcoin operators to partner with BTC Global, and leverage each other’s regulatory infrastructure and resources.
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