Everything You Need to Know About the New York Hearing on Bitcoin
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....
Related News
Mister Bitcoin gets sworn in at the New York Bitcoin hearings. Most of the Bitcoin hearings held by various governments around the world have been rather boring, but yesterday's New York Bitcoin hearing actually offered something different. These hearings usually consist of Bitcoin entrepreneurs and specialists advising regulators on what they should do to foster Bitcoin-related innovation in the local country, but the regulators will usually reply simply with, "9/11." Up to this point, it's pretty much been Bitcoin experts talking to a brick wall that doesn't want to share much about its....
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 City of New York's Department of Finance is currently considering using Bitcoin as a method for paying parking tickets. The department issued a Request for Information to find better ways for facilitating the application of parking laws. The document, titled "Mobile Solutions for Payment and Hearing Scheduling of Parking Tickets," is available online here. NYC Looks for Solutions. "The New York City Department of Finance (DOF) is issuing a Request for Information to obtain information on mobile solutions for payment and hearing scheduling for parking tickets. Prospective vendors should....
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....
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....