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 372 times)
June 03, 2015, 08:23:13 PM
June 03, 2015, 04:23:47 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.
...
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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