New York Bitcoin Public Hearing Date Set
New York State Department of Financial Services will hold a two-day public hearing pertaining to the regulation of virtual currencies on January 28th and 29th. Considering the popularity of the technology and merits over any other transfer of wealth method, the Empire State is looking to lead the world into proper regulation. This is big information for the group that founded the Bitcoin Center in NYC: When the term "regulation" is thrown around, it falsely is considered a bad thing for the participants of virtual currencies. Proper regulation is the overarching solution to bring Bitcoin....
Related News
The term 'BitLicense' has officially entered into the lexicon of virtual currency terminology. The New York State Department of Financial Services (NYDFS) is considering issuing such a framework in order to regulate distributed electronic money such as bitcoin. The department, which is planning on holding an upcoming hearing regarding virtual currencies at an as-yet-unspecified date, expects to bring up the possibility of licensing the business of virtual currency money transmission. In August, it subpoenaed 22 bitcoin-related companies requesting information about the way in which they....
The US Senate Committee on Homeland Security and Governmental Affairs has set 18th November as the date for its hearing into bitcoin and other cryptocurrencies. US Senator Tom Carper, chairman of the committee, said last week that the aim of the hearing, titled 'Beyond Silk Road: potential risks, threats, and promises of virtual currencies', is to "dig into what a whole-government approach to this new and unique technology may look like". According to a post on the Bitcoin Talk forum, several people representing bitcoin interests have been invited to testify, including members of the....
The full video of the 28th January New York bitcoin hearing can be viewed here. Stay tuned to CoinDesk for more updates on today's hearing, and be sure to follow us on Twitter for live tweets. Fear, uncertainty and doubt (FUD) is a term often used in bitcoin circles to describe feelings about the prospect of regulation concerning virtual currencies, and there may be no better phrase to convey the mood at the start of the New York Department of Financial Services' (NYDFS) first day of public hearings on virtual currencies. Following a prolonged and palpable excitement in the boardroom, an....
Read CoinDesk's report on the first day of the hearing here. Read CoinDesk's report on the second day of the hearing here. Read VC Fred Wilson's reaction from attending the hearing. Read a roundup of the community's reaction to the hearings. You can watch the full video from both days here. Stay tuned to CoinDesk for more updates on developments, and be sure to follow us on Twitter for live tweets of bitcoin events. The New York Department of Financial Services is shortly to begin its hearing about bitcoin and other digital currencies. Taking place in the 4th Floor Boardroom of 90 Church....
The U.S. government’s battle to get Coinbase to comply with its summons to provide information about its customers continues. A federal judge has agreed to move a hearing date to March 23 to consider arguments against the summons. On Feb. 3, 2017, Jacqueline Scott Corley, a U.S. magistrate judge, granted the government’s request to continue the hearing date to March 23, 2017 for motions to intervene filed by attorney Jeffrey Berns and Coinbase in their efforts to challenge the summons served by the IRS. Coinbase Fights IRS Summons. Berns, a Coinbase customer and attorney, filed a motion on....