As a New York resident, I fully intend to break this law every chance I get. I'm looking forward to the day these fascist fucks try to make an example of me.
Topic: BitPay Asks for Help in Saving Bitcoin from Banker Puppet Ben Lawsky - page 2. (Read 2189 times)
October 20, 2014, 08:13:03 PM
Just break the law. Make their insane laws irrelevant just like we did with copyright law by using torrent technology.
As a New York resident, I fully intend to break this law every chance I get. I'm looking forward to the day these fascist fucks try to make an example of me.
As a New York resident, I fully intend to break this law every chance I get. I'm looking forward to the day these fascist fucks try to make an example of me.
October 20, 2014, 08:10:23 PM
Today, BitPay’s Chief Compliance Officer, Tim Byun, submitted his company’s response to the New York Department of Financial Services’ (NYDFS) proposed regulations for virtual currency businesses, also known as BitLicense.
Ben Lawsky, New York’s Superintendent of Financial Services, is spearheading new legislation that would create an unlevel playing field for Bitcoin and other cryptocurrencies. The BitLicense would essentially handicap Bitcoin and make it both impractical and embarrassing to use. The restrictions would basically paint Bitcoin users as suspicious cyber criminals.
Byun appealed to Superintendent Lawsky for common sense in today’s letter:
"Eliminate the need for names, account numbers, and physical address to be collected for each transaction. Merchants on Broadway do not collect such information for each transaction whether via cash for a hotdog or via debit cards to attend a show."
The BitPay letter wisely points out four key areas where the proposed New York regulation misses the mark. But the identity requirement alone is a deadly silver bullet that Lawsky and his banker puppet masters intend to fire directly into the heart of digital currency adopters across the Empire State.
Byun understands the urgency of the situation and in his blog post today encouraged the entire cryptocurrency community to take a stand now against these new regulations before it's too late.
"If you have not submitted your comments to the NYDFS during this comment-period, we strongly suggest you do so during the next comment-period, as every voice represents a bitcoin-related entrepreneur, industry, or innovation."
To voice your opinion and speak out on behalf of Bitcoin and digital currencies around the globe, the Electronic Frontier Foundation has created a website that explains how you can help - before the hammer falls. https://act.eff.org/action/stop-the-bitlicense
Full Story: http://altcoinpress.com/2014/10/bitpay-asks-for-help-in-saving-bitcoin-from-banker-puppet-ben-lawsky/
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