Research and Markets: Bitlicense Report 2015 - A Detailed Look at New York’s Bitlicense - The First Virtual Currency-Specific Licensing Regime
Research and Markets has announced the addition of the "Bitlicense Report"report to their offering.
New York's BitLicense has made the headlines globally over the past two years and has blazed a trail for regulators across the world looking to oversee bitcoin activity.
This latest research report on BitLicense takes an in-depth look at the regulatory framework, including what it means for bitcoin's future in the state, and beyond.
The 32-page document charts the progress of the NYDFS' legislation - both groundbreaking and divisive - from its announcement, through two years of fact-finding and debate, to its completion.
It also examines the motivations behind the BitLicense and its impact on companies in the space. Find out who has left the state, who has applied and who has now been granted a license.
Highlights include:
- An overview of what the BitLicense is, who created it and why it was created.
- A detailed summary of the first version of the BitLicense.
- A look at reactions to the proposals from those within the bitcoin industry.
- Information on the changes from version one of the BitLicense to version two and the final version.
- Expert comment on the consequences of relevant companies not applying for a BitLicense.
Key Topics Covered:
1. Executive Summary
2. What is the BitLicense?
2.1 What is it?
2.2 Why was it Created?
2.3 Who is it For?
2.4 What is the NYDFS?
2.5 Who is Benjamin Lawsky
3. Timeline of Events
4. Before the BitLicense?
4.1 FinCEN, Subpoenas
4.2 NYDFS Virtual Currency Hearings
4.3 Lawsky's Virtual Currency Speech
4.4 NYDFS Announces Intention to Create BitLicense
5. BitLicense Version One
5.1 BitLicense V1: A Summary
5.2 BitLicense V1: Detailed Overview
6. Reaction to BitLicense
6.1 Version One
7. BitLicense Version Two
8. Reactions to BitLicense
8.1 Version Two
9. Final BitLicense
10. Boycotting the BitLicense
11. Applications for the BitLicense
12. BitLicense Approval
13. Consequences of Operating Without a BitLicense
14. Impact on regulatory Discussions
15. Conclusion
Companies Mentioned
- BTC Guild
- BTCC
- Backpage
- BitMex
- BitQuick
- Bitcoin Opportunity Corp
- Bittrex
- Boost VC
- Circle
- Coin Center
- Coinapult
- Coinbase
- Coinsetter
- Coinsource
- Eobot
- Genesis Mining
- GoCoin
- Korbit
- Kraken
- LakeBTC
- Localbitcoins
- MIT Digital Currency Initiative
- Michael Terpin
- MonetaGo
- Payward Inc
- Perkins Coie
- Poloniex
- REbit.ph
- Shapeshift
- Winklevoss Capital Management
- Xapo Inc
For more information visit: http://www.researchandmarkets.com/research/jppzzd/bitlicense_report
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Bitcoin company Xapo recently released its second comment letter on New York’s revised BitLicense. Additionally, the company has teamed up with other bitcoin industry leaders in submitting a combined comment letter to provide further feedback on the BitLicense proposal. After BitLicense was introduced by the New York Department of Financial Services (NYDFS) last year, Xapo released its first letter providing its comments. The NYDFS released its revised BitLicense proposal in February 25, 2015. Shortly afterward, on March 27, 2015 Xapo released its second BitLicense comments.
New York’s department of financial services has approved bitcoin exchange Coinbase’s application for a virtual currency and money transmitters license, making it one of the largest bitcoin companies to gain the department’s approval. Coinbase becomes one of five virtual currency firms granted approval to operate in New York State, according to a department news release. The New York BitLicense became effective on June 24, 2015, as one of the stricter state laws governing cryptocurrency businesses. Several cryptocurrency businesses – such as LocalBitcoins, BitFinex and Kraken – chose to....
New York's BitLicense has made the headlines globally over the past two years and has blazed a trail for regulators across the world looking to oversee bitcoin activity. CoinDesk's latest research report, available from today, takes an in-depth look at the regulatory framework, including what it means for bitcoin's future in the state, and beyond. The 32-page document charts the progress of the NYDFS' legislation - both groundbreaking and divisive - from its announcement, through two years of fact-finding and debate, to its completion. A must read for regulators, investors, lawyers and....
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