New York's Bitcoin ATM Could Hit BitLicence Snag
The combination of Gotham and cryptocurrency has proved to be a powerful lure for New York City's top tabloid this week. The New York Post reported on a Brooklyn man who has purchased a Lamassu bitcoin ATM and is planning to install it in the city's fashionable East Village. The Post likened Lamassu's compact table-top units, which stand 48cm tall and weigh about 45kg each, to a "typical deli ATM" - the small cash points often found in a corner of the city's ubiquitous provisions shops. The Lamassu units, which convert fiat currency to bitcoin, have been described by the company's....
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If the current version of BitLicence gets approved, it will lift a huge barrier to innovation and for startup companies acting in the digital currency space. This week Adam Draper, Boost VC CEO, opened a petition in an attempt to remove some of the main BitLicence obstacles. Adam believes that New York State is about to lose a big opportunity to present the most adequate rules for the industry. If made final the current proposed rules by New York's Department of Financial Services would likely shut out New York residents and businesses from this new technology. Following the petition, Adam....
This last Friday, the 27th March the period for public comments on the latest release of the New York's BitLicence proposal had ended. During this period, there were several developments to the proposal, however, many people within the bitcoin community feel that the proposal isn't still fully adequate to the digital currencies industry. Some people believe that new technologies should be seen as an opportunity to update laws and regulations and that this latest release of New York's BitLicence proposal fails to realize that. All the bureaucratic process around the state-by-state....
Last updated: 25th August. Cryptocurrency companies that operate in, or serve customers who are based in, New York State had until 8th August to apply for a BitLicense. Established by the New York State Department of Financial Services (NYDFS), and now in effect, the BitLicense is a custom-made regulatory framework for bitcoin and digital currency businesses. CoinDesk is keeping track of both the companies that apply for a BitLicense and those that decide to cease operating in the state. Use the buttons below to switch between (a) a table showing companies that have applied for the....
Recently Erik Voorhees was interviewed by the Austin Bitcoin Meetup group via skype. Erik Voorhees is an outspoken Bitcoin Entrepreneur and evangelist. During the interview the topics of Bitlicense, Bitcoin Entrepreneurship and privacy were discussed. Bitcoinist has transcribed part of the interview and provided the video feed as well. Can you talk about BitLicence? “I don’t think New York deserves to be regulating anyone – I think the financial market they do regulate is a huge mess – so they should stay the eff out. It [bitlicense] tries to violate individual user privacy. This was my....
Hillary Clinton has announced her policy goals for technology and innovation. Her goals include positioning American innovators as world leaders in technological revolutions, including public service blockchain applications. Could Hillary as president give a boost to blockchain technology? Hillary Clinton's Agenda. The Tech agenda announced by Hillary Clinton plans to use technology and innovation to boost the American economy and create good-paying jobs. Her plans include increasing spending commitments in computer science education, delivering high-speed broadband to all Americans,....