Topic: [2015-04-13] American Banker: How to Keep BitLicense from Squelching Innovation (Read 425 times)
April 13, 2015, 10:41:08 PM
this regulations very good but maybe cost for this regulations can be suppressed cheaper so many companies willing to license it.
April 13, 2015, 07:47:15 PM
That's a very interesting article. Thanks for sharing.
I really used to like the Boring Bitcoin Reports in Forbes. Guess it has moved to a separate website now.
I saw an article from her after some time.
April 13, 2015, 01:25:36 PM
That's a very interesting article. Thanks for sharing.
April 13, 2015, 12:11:51 PM
How to Keep N.Y.'s BitLicense from Squelching Innovation
http://www.americanbanker.com/bankthink/a-safe-harbor-alternative-for-new-yorks-bitcoin-firms-1073706-1.html
The New York State Department of Financial Services has made history by becoming the first state to propose a regulatory framework specifically for digital currencies. However, many digital currency businesses have expressed serious concerns about superintendent Benjamin Lawsky's proposed "BitLicense" regulations.
Complying with the regulations is likely to be very expensive. Some businesses have even said that it would be well beyond their means to comply; and if they can't comply, they can't operate.
http://www.americanbanker.com/bankthink/a-safe-harbor-alternative-for-new-yorks-bitcoin-firms-1073706-1.html
The New York State Department of Financial Services has made history by becoming the first state to propose a regulatory framework specifically for digital currencies. However, many digital currency businesses have expressed serious concerns about superintendent Benjamin Lawsky's proposed "BitLicense" regulations.
Complying with the regulations is likely to be very expensive. Some businesses have even said that it would be well beyond their means to comply; and if they can't comply, they can't operate.
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