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Topic: [2016-09-16]NYDFS Puts Additional Regulatory Burdens on Bitcoin Sector (Read 533 times)

member
Activity: 95
Merit: 10
Bitcoiner ....
You haven't seen this document ...

It's a draft legislation pushed by the Coin Center: (57 pages but page 4 of the doc is what my lawsuit is about.)
http://www.uniformlaws.org/shared/docs/regulation%20of%20virtual%20currencies/2017mar_RVCBA_Mtg%20Draft.pdf

You can read Coin Center post.
https://coincenter.org/link/one-of-bitcoin-s-best-bets-for-sound-regulation-is-about-to-wrap-up

https://coincenter.org/entry/second-comment-on-the-uniform-law-commission-s-uniform-regulation-of-virtual-currency-businesses-act
"We generally support the current draft and have filed this comment to address some residual concerns with this important model legislation. "

legendary
Activity: 3430
Merit: 3080
That is why we need to fight the NYDFS ....

Fighting a gangster turf protection model on it's own terms isn't going to work IMO. Either outcompete them till they beg you to return to New York, or make them permanently irrelevant. That will get their attention, but it won't matter anyway, because they'll no longer be relevant either way.
member
Activity: 95
Merit: 10
Bitcoiner ....
That is why we need to fight the NYDFS ....

New motion @PierreCiric includes @Jim_Harper affidavit in support due to lack of information on #Bitcoin reasearch - http://www.article78againstnydfs.com

Read the whole document here:
http://www.article78againstnydfs.com/docs/Index-101880-15/07-OurNewMotionForLimitedDiscovery/TabD-HarperAffidavit.pdf

Regards,
Theo Chino
@TheoBitcoin
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hero member
Activity: 504
Merit: 500
NYDFS Puts Additional Regulatory Burdens on Bitcoin Sector

The New York Department of Financial Service (NYDFS) has published a new cybersecurity regulation draft which might have a direct-indirect impact on the state’s Bitcoin industry growth. Touted as the regulation that would limit consumers’ exposure to cyber attacks, the aforementioned law is likely to put additional legal burdens on the New York’s freshly brewing Bitcoin sector. The state’s FinTech entrepreneurs were already facing troubles in complying with a draconian BitLicense law...

http://www.newsbtc.com/2016/09/16/nysdfs-adds-cybersecurity-policy-burden/
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