[2014-10-16] Wired: New York’s Bitcoin Regulations May Not Kill Startups

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: bitsmichel on October 16, 2014, 06:30:36 AM

Quote from: LiteCoinGuy on October 16, 2014, 01:07:18 AM

New York’s Bitcoin Regulations May Not Kill Startups After All

New York’s bitcoin regulations may not be as onerous as many have feared.

In a speech at Cardozo Law School in New York on Tuesday night, Benjamin Lawsky, superintendent of financial services for the state of New York, said that the state will not require digital-currency software developers to have a license, as it had previously proposed. “To clarify, we do not intend to regulate software as software or software development,” he said, according to Reuters. “For example, a software developer who creates and provides wallet software to customers for their own use will not need a license.”

http://www.wired.com/2014/10/bitlicense/

Do you have details on the New York regulations?

do you mean the speach of the supernintendo? its online.

aigeezer

legendary

Activity: 1450

Merit: 1013

Cryptanalyst castrated by his government, 1952

Quote from: LiteCoinGuy on October 16, 2014, 01:07:18 AM

New York’s Bitcoin Regulations May Not Kill Startups After All

New York’s bitcoin regulations may not be as onerous as ~~many have feared~~ first proposed.

Aw, shucks. What was all that fuss about? It was only draconian overreach - and, hey, the regulations may not even kill startups. Then again - but anyway, why kill when you can maim?

Seriously: this is a standard ploy in various arenas - propose something outrageous, allow yourself to be pushed back into the place you wanted to be all along, call it a tough but fair compromise and enjoy the joke with your pals. On the rare occasions that there is no pushback on the original outrageous proposal, then you win big by default.

This is not over yet, I imagine.

bitsmichel

sr. member

Activity: 518

Merit: 250

Quote from: LiteCoinGuy on October 16, 2014, 01:07:18 AM

New York’s Bitcoin Regulations May Not Kill Startups After All

New York’s bitcoin regulations may not be as onerous as many have feared.

In a speech at Cardozo Law School in New York on Tuesday night, Benjamin Lawsky, superintendent of financial services for the state of New York, said that the state will not require digital-currency software developers to have a license, as it had previously proposed. “To clarify, we do not intend to regulate software as software or software development,” he said, according to Reuters. “For example, a software developer who creates and provides wallet software to customers for their own use will not need a license.”

http://www.wired.com/2014/10/bitlicense/

Do you have details on the New York regulations?

Miracal

sr. member

Activity: 350

Merit: 250

The problem is that customers bother to use their software. They need to provide name and home address to justify their spending with bitcoin and would rather to pay with their card which is more quick and convenient.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

New York’s Bitcoin Regulations May Not Kill Startups After All

New York’s bitcoin regulations may not be as onerous as many have feared.

In a speech at Cardozo Law School in New York on Tuesday night, Benjamin Lawsky, superintendent of financial services for the state of New York, said that the state will not require digital-currency software developers to have a license, as it had previously proposed. “To clarify, we do not intend to regulate software as software or software development,” he said, according to Reuters. “For example, a software developer who creates and provides wallet software to customers for their own use will not need a license.”

http://www.wired.com/2014/10/bitlicense/

Topic: [2014-10-16] Wired: New York’s Bitcoin Regulations May Not Kill Startups (Read 2581 times)