Lawsky: BitLicense May Exempt Non-Financial Blockchain Projects
New York's proposed BitLicense regulations were not designed to cover second-generation projects and other 'crypto 2.0' blockchain technologies, according to answers from Department of Financial Services (NYDFS) superintendent Benjamin Lawsky. Questions on how the NYDFS viewed innovations not primarily concerned with currency or exchange of value were put to Lawsky first at a recent presentation on BitLicenses in New York, and then again yesterday by CoinDesk's Stan Higgins at the Money20/20 conference in Las Vegas. Work is being done in this area, Lawsky said. @coindesk asks @BenLawsky if....
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Developers, miners and individuals using bitcoin will generally not be regulated by the impending 'BitLicense' proposals, according to Benjamin Lawsky, superintendent of the New York Department of Financial Services (NYDFS). Speaking at the Benjamin N Cardozo School of Law, New York, Lawsky clarified that many individuals and companies working within the bitcoin space will not need regulatory approval or a BitLicense to operate in New York State. "We are regulating financial intermediaries. We are not regulating software development," he said, adding: "To clarify, we do not intend to....
Former New York State Department of Financial Services (NYDFS) superintendent Benjamin Lawsky denied allegations from the Bitcoin community suggesting he created the BitLicense as a setup for his newly established legal firm, The Lawsky Group. Lawsky said he is not allowed to work on anything related to the BitLicense for the rest of his life. Lawsky countered the criticism during an interview with American Banker editor in chief Marc Hochstein. The interview, held at the American Banker Digital Currencies + the Blockchain Conference in New York City, was Lawsky's first public appearance....
The new BitLicense will open for a 30-day public comment period in just a few days. In a speech to the Bipartisan Policy Council, a Washington D. C. think tank, New York Department of Financial Services (NYDFS) Superintendent Ben Lawsky told the world about the new BitLicense's impending release date as well as several planned changes. Also read: NYDFS's Ben Lawsky Reveals Plan for Transitional BitLicense at #Money2020. Changes in the new BitLicense. Notably, a new BitLicense is not required for consumers or merchants seeking to transact in Bitcoin; furthermore, Bitcoin-related software....
The Department of Financial Services superintendent, Benjamin Lawsky, who has been leading the charge in an effort to regulate bitcoin, is reportedly considering resigning from his position in early 2015. Benjamin Lawsky is perhaps the most powerful person in New York State to be pushing regulation on the bitcoin community. Many are curious as to where Lawsky will go: a bank? a finance company? a Bitcoin company? an elected position? After the election of last week, it's not uncommon to see several resignations follow. Perhaps the most interesting resignation is that of Benjamin Lawsky.....
Former New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky issued his first public statements on the BitLicense today following his stepping down from the position in June. The comments came during an interview with American Banker editor in chief Marc Hochstein at the second annual American Banker Digital Currencies + the Blockchain Conference in New York City, which also featured Digital Asset Holdings CEO Blythe Masters and Digital Currency Group CEO Barry Silbert, among others. Overall, the conversation stuck more broadly to areas of interest for....