Hitting subscription page on WSJ. Coverage in NYT.
http://www.nytimes.com/2015/06/04/business/dealbook/new-york-regulator-announces-final-rules-on-bitcoin.html?_r=0
Topic: [2015-06-03] WSJ: NY Financial Regulator Lawsky Releases Final BitLicense... (Read 343 times)
June 03, 2015, 09:23:13 PM
June 03, 2015, 05:23:47 PM
NY Financial Regulator Lawsky Releases Final BitLicense Rules for Bitcoin Firms
Rules to only regulate intermediaries with custody of customer funds, not software developers
http://www.wsj.com/articles/ny-financial-regulator-lawsky-releases-final-bitlicense-rules-for-bitcoin-firms-1433345396
Quote
Outgoing New York Superintendent of Financial Services Benjamin Lawsky released sweeping new rules for licensing digital-currency businesses in the state Wednesday, staking part of his legacy on launching a specialized regulatory regime for an industry that many experts believe could play a significant role in the financial system.
The new rules, which Mr. Lawsky announced during a speech in Washington—his last as superintendent before departing at the end of this month—were met with a mix of condemnation and support from bitcoin advocates, who have long feared that the regulations could stifle innovation in their nascent industry.
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The new rules, which Mr. Lawsky announced during a speech in Washington—his last as superintendent before departing at the end of this month—were met with a mix of condemnation and support from bitcoin advocates, who have long feared that the regulations could stifle innovation in their nascent industry.
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