Author

Topic: BitLicense to issue a virtual currency? (Read 452 times)

legendary
Activity: 2968
Merit: 1198
June 04, 2015, 04:35:10 AM
#4
No. Software development and distribution was carved out in the previous rev. But if you are doing some kind of ICO/premine then you are potentially "issuing"

full member
Activity: 154
Merit: 100
★YoBit.Net★ 100+ Coins Exchange & Dice
June 03, 2015, 11:02:35 PM
#3
I was under the impression it was for bitcoin business not altcoins.
legendary
Activity: 1442
Merit: 1001
June 03, 2015, 08:16:00 PM
#2

Need a bitlicense to cloned coins?


It appears to be the case. Go anon via Sunny King / Satoshi style or block the main website from NY IP addresses.
newbie
Activity: 23
Merit: 0
June 03, 2015, 07:25:28 PM
#1
New York Releases Final BitLicense

Final BitLicense Proves Divisive Milestone in US Bitcoin Regulation


"They changed so little with this version, it's laughable," Yale Law School's Elizabeth Stark told CoinDesk.



Stark, for example, took issue with the idea that startups would need a license to "issue a virtual currency", which she argued would hurt the growing number of bitcoin 2.0 projects seeking to use cryptographic tokens to incentivize communities.

Though exceptions were made for the use of tokens for non-financial purposes, Stark predicted the industry will see a broader trend toward decentralization, though at the cost of ease of use for consumers.

http://www.coindesk.com/bitlicense-divisive-milestone-bitcoin-regulation/


Need a bitlicense to cloned coins?

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