State of Massachusetts Planning to Release 'Consumer Advisory' on Bitcoin
For the past several months, we've seen no lack of governments around the world issue warnings related to bitcoin and other digital currency. The movement is seemingly spreading to individual U. S. states. The State of Hawaii independently released their own bitcoin-related warning, noting that any organization transmitting bitcoin without proper money-transmitting licensing was doing so unlawfully. Here in Massachusetts, the State's Office of Consumer Affairs and Business Regulation said they will be releasing a consumer advisory on bitcoin, too. The information comes from Undersecretary....
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Another State in the United States is issuing a consumer advisory related to the use of digital currencies like bitcoin. Regulators at the Florida Office of Financial Regulation have come forth with warnings on the perils of getting involved with bitcoin, making note of the fact that digital currencies are neither regulated nor backed. The Office of Financial Regulation also warned that some exchanges that deal in digital currencies and offer to store them for customers have failed to protect them properly, as pointed out by the Tampa Bay Business Journal. Florida joins the state of....
The Massachusetts Office of Consumer Affairs is reviewing the Boston Bitcoin ATM, after issuing a warning. Last Tuesday, another warning against the usage of Bitcoin was thrown into the world. The Massachusetts Consumer Affairs Office issued an official consumer alert, warning people about the risks of buying and trading the virtual currency. Mt. Gox and Boston ATM. The alert isn't any different from previous warnings we've seen, but it's special since it was issued by the state of Massachusetts. The state recently made headlines when one of America's first Bitcoin ATMs was surprisingly....
State regulators see the challenge of regulating bitcoin and digital currency as no easy task. Case in point: State regulators right here in Massachusetts are mulling bitcoin regulation in effort to make it clear just the play rules are when it comes to the use of these new, emerging currencies. "We will be trying to come up with a model law or regulations states can use," said David Cotney, commissioner at the Massachusetts Division of Banks to the Boston Herald. "This has gotten a lot of attention, and we want to make sure when we act, we get it right." Cotney is also the chairman of the....
The Boston Blockchain Association has published crypto regulatory advisory guidelines for lawmakers in Massachusetts to consider. The Boston Blockchain Association, or BBA, together with Boston-based media house Media Shower and the Chamber of Digital Commerce are working to lobby for favorable crypto regulations in Massachusetts.According to a release issued on Monday, the BBA in collaboration with Media Shower and the Chamber of Digital Commerce has released a crypto regulatory toolkit for lawmakers in the state.Dubbed the Massachusetts Edition of the Legislator’s Toolkit for Blockchain....
MGT Capital Investments, a New York-based firm, is renaming itself to “John McAfee Global Technologies, Inc.,” in honor of its incoming CEO and Chairman, the recent Libertarian presidential contender and consumer computer security pioneer, John McAfee. At the same time, the investment company is bringing on at least two of the most recognized names in the Bitcoin world, Erik Voorhees and Roger Ver. Ver will be serving as Advisory Board Chairman and Voorhees will act in an advisory role. The location of the company is important, as New York State is home to the infamous BitLicense, which....