How can this be good for the cryptospace environment in the state of New York? - page 2.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

We will see another "BitLicense" fiasco, where people contributing to the legislation or rules, will use this platform to futher their own interest. https://en.wikipedia.org/wiki/BitLicense

This is why Ripple is part of this ---> https://www.coindesk.com/bitlicense-architect-ben-lawsky-joins-ripple-board

For those who does not know Ben Lawsky, he was the New York Superintendent of Financial Services and then he helped formulating the very complicated BitLicense and then he went to work for a company that helped people to apply for this complex process. <So you make it so complex that people have to pay you to help you to apply for a license to use Crypto currencies in your business> So, you create a job for yourself, after you leave your previous work.... Angry

The red flags are going up when Ben Lawsky is involved. Angry

pooya87

legendary

Activity: 3472

Merit: 10611

centralized entities attract each other, so obviously they prefer dealing with those cryptocurrencies that are more centralized and can be controlled and regulated rather than dealing with something they can not control because it is decentralized.
additionally these coins have owners, companies,... which obviously work with the authorities whereas bitcoin doesn't have anyone, there is no owner or a "bitcoin company" to want to participate in a task force like this!

bbc.reporter

legendary

Activity: 3122

Merit: 1492

The influence of Joseph Lubin of Ethereum and Ryan Zagone of Ripple will certainly corrupt the task force and make it move according to the advantage of their own platforms.

The New York state government have certainly made an improper start by including those 2.

Ethereum co-founder Joseph Lubin and Ripple director of regulatory relations Ryan Zagone have been appointed to New York’s new Digital Currency Taskforce.

The group will help New York lawmakers shape the regulatory environment for blockchain and cryptocurrency in the Big Apple.

Assemblymember Clyde Vanel announced the six legislative selections for the task force, which was created back in January.

“New York was the first state in the nation to create a cryptocurrency task force to help the states and the country figure out how to properly regulate digital currency and blockchain technology...

We are excited that we’re going to have some of the premier people in blockchain technology and in cryptocurrency help guide New York state and the country, and maybe the world, on finding the right level of regulations in this space.”

Read in full https://dailyhodl.com/2019/07/24/ethereum-co-founder-and-ripple-executive-join-new-yorks-digital-currency-taskforce/

Topic: How can this be good for the cryptospace environment in the state of New York? - page 2. (Read 270 times)