Short term possibly negative. If the regulation is not totally bad, it'll be positive in long term. Banks etc need to know the exact rules. And after all, the outcome will be good.
Consider:
1) Bitcoin will be regulated OK and banks & visa/mastercard etc can join
2) Bitcoin will be regulated badly, possibly made illegal or whatever. This will cause all bitcoin stuff move underground (which may be bad initially but it will change in the long run) - Bitcoin can't be stopped.
Topic: POLL: How do you think government regulation will effect bitcoin? - page 2. (Read 2784 times)
Its just going to piss off everyone who lives in new york. They are just trying to make things difficult for everyone. Annoying.
if ANY new york resident (customer) uses ANY service ANYWHERE on the planet then that service will need to pay for a bitlicence, insurance, employe a compliance officer (or pay one to get trained).
Not quite - banks are exempt from all of the bitlicense requirements.
It's going to have a negative effect I would think it's against the whole concept of Bitcoin and I really can't understand how they managed to regulate it.
if exchange will be regulate ... local exchange pass over all this shit.
coinsafe with ATM integrate in software is an answer like mycelium or localbitcoin.
coinsafe with ATM integrate in software is an answer like mycelium or localbitcoin.
read the bitlicence draft.
if ANY new york resident (customer) uses ANY service ANYWHERE on the planet then that service will need to pay for a bitlicence, insurance, employe a compliance officer (or pay one to get trained).
so if you own a bitcoin business anywhere, expect lawsky to suddenly want to be your "customer" no matter what blocks you put in place, purely to get you to buy his licence.
and thats just one of the pitfalls
Any service or any service that acts as a store of value?
if exchange will be regulate ... local exchange pass over all this shit.
coinsafe with ATM integrate in software is an answer like mycelium or localbitcoin.
coinsafe with ATM integrate in software is an answer like mycelium or localbitcoin.
read the bitlicence draft.
if ANY new york resident (customer) uses ANY service ANYWHERE on the planet then that service will need to pay for a bitlicence, insurance, employe a compliance officer (or pay one to get trained).
so if you own a bitcoin business anywhere, expect lawsky to suddenly want to be your "customer" no matter what blocks you put in place, purely to get you to buy his licence.
and thats just one of the pitfalls
if exchange will be regulate ... local exchange pass over all this shit.
coinsafe with ATM integrate in software is an answer like mycelium or localbitcoin.
coinsafe with ATM integrate in software is an answer like mycelium or localbitcoin.
Please vote. I am curious to find out what the general consensus of the forum is with regards to this issue. Thank you.
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