I Watched both days of the hearings in New York (You can watch them here: http://www.totalwebcasting.com/view/?id=nysdfs ). I wasn't too concerned with the hearings. To me I walked away with the imrpession that yes bitcoin will be regulated but not over regulated to the point that it hurts innovation or the growth of bitcoin.
I would agree that if you do want bitcoin to go mainstream and be a day to day means of tranactions or something everyone ueses, then yes there needs to be a certain level of rules and safeguards in place. Regulation itself isn't a problem, it's over regulation that would be problematic.
I guess we will have to wait and see.... currently I'm optimistic though.
Topic: New York wants to regulate Bitcoin - page 3. (Read 3163 times)
Of course it does. This is NYC, home of financial over-regulation. Don't expect the lawmakers there to be "kind" on bitcoin.
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