New York City Attempts to Shut Down Bitcoin
New York City Attempts to Shut Down Bitcoin. Ben Lawsky, Superintendent of Financial Services at the New York State Department of Financial Services (DFS) announced on reddit today New York’s proposed new regulatory framework for virtual currencies. The regulations will be formally published in the July 23, 2014 edition of the New York State Register – which starts a 45-day public comment period. A copy is available here on the DFS website. A summary of the regulations may be found below: Entities are considered dealing in virtual currencies if: They transfer Bitcoins on behalf of one....
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Uber recently announced customer location data collection for the duration of rides, and New York City has already demanded access to it. According to the ridesharing giant, officials from the New York City government have demanded sensitive customer data. This includes constant geolocation, which the app uses to help drivers and riders find each other without constant call-response communication. This would mean that law enforcement agencies would have the effective use of all Uber users’ whereabouts while using the app. In an email to customers, Uber outlined the threat to privacy....
Last Thursday New York City councilman Mark Levine introduced a bill petitioning for the city to accept bitcoin as payment for fines and fees. Levine opened up about the bill, which he says could be passed as early as June, in a new interview with CoinDesk, indicating that he believes New York City has a pressing incentive to begin accepting the payment method due to its cost advantages when compared to credit cards. The democrat from the 7th District in northern Manhattan recalls that it was this benefit that led him to introduce the bill, one that will now go through a process of....
An unidentified 28-year-old man was robbed of more than $1,100 in bitcoin at gunpoint in New York City late last month. The robbery took place after the man, from Crown Heights, Brooklyn, met up for an in-person bitcoin sale arranged over online classifieds platform Craigslist on 27th May, according to a report by DNAinfo. A representative for the New York Police Department (NYPD) confirmed the report when reached. The NYPD said that the seller was led to a vehicle after meeting up with the presumed buyer. He was subsequently forced, at gunpoint, to transfer his bitcoins to the two....
New York City Councilman Mark Levine has announced he will introduce a bill tomorrow that, if adopted, would move the municipality to accept bitcoin as payment for fines and fees. The full bill would give New York City the ability to "enter into agreements" with financing agencies to allow it to accept bitcoin. Parking tickets and court fees would be among the items that would then be payable in bitcoin. Levine, a democrat representing the 7th District in Northern Manhattan, is particularly passionate about developments in the bitcoin community, citing its popularity among younger....
This Crypto City guide looks at New York Citys crypto culture, its most notable projects and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses and theres even a short history of the controversial regulatory regime required to operate in the city. Fast factsCity: New York Country: United States Population: 8.8 million Established: 1624 Language: English New York City is a bustling metropolis in the American state of New York. The city is divided into five separate boroughs the Bronx, Brooklyn, Manhattan, Queens and....