Lawsky: BitLicense Will Be Finalized By End of May
New York Department of Financial Services superintendent Benjamin M. Lawsky anticipates the final version of the BitLicense regulatory framework will be released sometime before the end of May. Speaking to reporters on 21st April during a Dow Jones risk and compliance conference in New York City, Lawsky noted that his office is in contact with other state regulators and is watching how both domestic and foreign regulation of digital currency activities takes shape.
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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....
After going through a series of draft submissions and commenting periods, the hugely awaited New York Bitcoin Regulatory Framework BitLicense is all set to be finalized by the end of May 2015, confirmed Benjamin Lawsky. The New York Department of Financial and Services (NYDFS) Superintendent validated his anticipation during a Dow Jones risk and compliance conference, saying that there will be room for further amendments if their counterparts from other states come up with entirely different Bitcoin regulatory rules. "We're going to see how this all shakes out," Lawsky told media. "I think....
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....
Benjamin M. Lawsky is a name Bitcoiners know well. He is the architect of New York's forthcoming BitLicense regulations, which will define how Bitcoin is used and regulated in the Empire State. Given that Wall Street is located in New York City, this regulation will have serious impact on the future of Bitcoin and the state. One thing he stressed that will interest both regulators and residents of other states is that the regulation could be influenced by the way that other states do their own regulation. Understanding the global nature of Bitcoin, Lawsky believes that there needs to be....
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.....