Author

Topic: New York Releases Final BitLicense (Read 705 times)

legendary
Activity: 3248
Merit: 1070
June 04, 2015, 09:09:16 AM
#10
Is there any reports on the BitLicense? what exactly does it do?

it's a way to regulate bitcoin, and to avoid thing like what happened to Burst

http://www.ibtimes.com/bit-licenses-how-will-new-york-regulate-bitcoins-1552078
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
June 04, 2015, 08:55:57 AM
#9
I don't see much reason to have a Bitcoin business in the US unless you are a business that goes back and forth between Bitcoin and fiat.

I think there are many reason why all people in this world including US using bitcoin but the most reason is they want to earn more money and with this technology that support bitcoin here, it will make bitcoin easy to use and easy to earn. Altough you are not used it for business I guess you still can earn it through trading so its like a great solution to earn more

I understand why you would want a Bitcoin business. I do not understand why anyone would choose to run their business in the United States. They are one of the top 5 least business friendly countries in the world.
legendary
Activity: 1876
Merit: 1005
June 04, 2015, 08:52:06 AM
#8
This is another great step for Bitcoin after reaching to NYSE's price index.This BitLicense will legitimacy to Bitcoin and help to prevent fraudulent activities which were happening by various exchanges and persons.Bitcoin will have more stability and popularity as this will accelerate the adoption process.This should be taken as very big step for Bitcoin's bright future.
full member
Activity: 182
Merit: 100
June 04, 2015, 08:51:56 AM
#7
Is there any reports on the BitLicense? what exactly does it do?
legendary
Activity: 1834
Merit: 1008
June 04, 2015, 08:38:15 AM
#6
I don't see much reason to have a Bitcoin business in the US unless you are a business that goes back and forth between Bitcoin and fiat.

I think there are many reason why all people in this world including US using bitcoin but the most reason is they want to earn more money and with this technology that support bitcoin here, it will make bitcoin easy to use and easy to earn. Altough you are not used it for business I guess you still can earn it through trading so its like a great solution to earn more
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
June 04, 2015, 01:55:11 AM
#5
I don't see much reason to have a Bitcoin business in the US unless you are a business that goes back and forth between Bitcoin and fiat.
hero member
Activity: 742
Merit: 500
June 03, 2015, 10:31:54 PM
#4
http://www.coindesk.com/new-york-releases-final-bitlicense/

The New York State Department of Financial Services (NYDFS) released the final version of its long-awaited regulatory framework for digital currency companies today.

so what is the advantages for digital companies,i still dont know is this like a regulation or rules or something else?
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
legendary
Activity: 1120
Merit: 1000
June 03, 2015, 09:43:27 PM
#2
I have always wondered what are the consecuenseces of the BitLicense
Anyone knows to explain it easily?
full member
Activity: 133
Merit: 100
June 03, 2015, 09:42:34 PM
#1
http://www.coindesk.com/new-york-releases-final-bitlicense/

The New York State Department of Financial Services (NYDFS) released the final version of its long-awaited regulatory framework for digital currency companies today.
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