NYDFS: Bitcoin Hearings Draw 14,000 Viewers from 117 Countries
Some interesting is coming out from the New York State Department of Financial Services (NYDFS). Ben Lawsky, superintendent for the organization sent out a tweet Thursday afternoon with statistics on who viewed the hearings on the topic of bitcoin that took place Tuesday and Wednesday of this week, which featured the likes of Jeremy Allaire, Fred Ehrsam, and Charlie Lee. According to Lawsky, online streams of the bitcoin hearings were viewed on the order of 32,000 times by 14,000 unique viewers from a whopping 117 countries, commonwealths, and territories around the world. United States....
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NY State Dept. of Financial Services Holding Hearings on Regulation of Virtual Currencies This Month
It seems like governments everywhere are interested in talking about bitcoin. New York state is no exception, with an announcement today indicating that hearings will be held on virtual currencies later this month. Benjamin M. Lawsky - Superintendent of Financial Services at the New York State Department of Financial Services (NYDFS) - has pegged the dates of the public hearings on both January 28th and 29th (Tuesday and Wednesday). The hearings are reportedly centered around the regulation of virtual currencies, the most popular of which being bitcoin, of course. This "fact-finding....
The New York State Department of Financial Services (NYDFS) has announced the witness list for its upcoming hearings on virtual currencies to be held on 28th and 29th January in New York City. Notable names from the virtual currency community that will be participating include principals of Winklevoss Capital Management, Cameron and Tyler Winklevoss. Jeremy Allaire, the CEO and founder of Circle. Charles Lee, the founder of Litecoin; and Fred Ehrsam, co-founder of Coinbase. Speaking to law enforcement concerns regarding bitcoin will be District Attorney of New York County Cyrus R. Vance....
No doubt, there's been a ton of chatter lately regarding the recently-released BitLicense and Bitcoin regulation proposals from the New York State Department of Financial Services (NYDFS). Many have seen promise, and others have nothing but questions. One such entity in the Bitcoin Foundation. Using New York law that would require a statement of "needs and benefits" for proposed regulation, the Bitcoin Foundation wrote a letter to the NYDFS which includes a request under the New York Freedom of Information Law (FOIL) for "any risk management and cost-benefit analysis (or any other....
The New York State Department of Financial Services (NYDFS) will hold public hearings on the regulation of digital currencies on 28th and 29th January in New York City. It will also discuss potentially issuing something it calls "BitLicenses" as a regulatory requirement specific to businesses in the "virtual" currency field. Financial Services Superintendent Benjamin M. Lawsky issued a notice yesterday inviting members of the press and public to attend the hearings, which will include witnesses presenting before an inquiry as well as panel discussions. The notice warned that space would be....
ItBit has hired former New York State Department of Financial Services (NYDFS) general counsel Daniel 'Danny' Alter as its general counsel and chief compliance officer. The three-year veteran of the NYDFS was involved in the formation of the New York BitLicense, the controversial licensing regime for digital currency businesses seeking to serve consumers in the US state, before departing in February. The move is perhaps surprising given the originally skeptical outlook on the technology Alter voiced at the New York BitLicense hearings in early 2014. At the two-day event, Alter was perhaps....