Another New York Law Firm Turns to Bitcoin
There was big news last week when a major New York law firm (started in the 18th century) decided to accept bitcoin. They're McLaughlin & Stern, and their big reason for adopting the digital currency was to be on the "cutting edge of law and technology." Other firms may have taken notice. Another New York law firm, NS Wasserstein & Associates, PLLC, has announced they they too have joined the bitcoin train by accepting the digital currency for services rendered in effort to get "ahead of the curve." "Digital currencies are here to stay," said Nat Wasserstein of the firm. ""Not only that,....
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Bakkt will also have a money transmitter license in the state of New York. Bakkt has become the latest crypto firm to get a BitLicense.On Thursday, the New York Department of Financial Services announced that Bakkt had become the 29th BitLicensee. First granted to Paxos in 2015, the BitLicense is New York's program for regulating digital currency firms. With it, Bakkt will have new access to offer crypto trading in the financial center of the U.S.The NYDFS also took the opportunity to plug its other crypto initiatives, including a tech sprint that aims to find new ways of getting data from....
Benjamin M Lawsky has rubbished the reports of him offering consultations on New York's Bitcoin regulatory framework, the BitLicense. The comments arrived during Lawsky's first public appearance since his resignation as the superintendent of New York Department of Financial Services (NDFS). The tough-nut financial watchdog was being interviewed by the American Banker editor-in-chief Marc Hochstein, where he faced a series of controversial questions concerning his new consultation firm. The interviewer had asked Lawsky whether he had any conflict-of-interest in monitoring and issuing....
One of New York's most distinguished law firms, McLaughlin & Stern, LLP, has announced that they are now accepting bitcoin payments for their legal services effective immediately, according to CoinApex. Headquartered in New York City (with offices in West Palm Beach, Florida and other locations in New York), the firm practices in a number of different fields, of which include taxation, employment, real estate, and bankruptcy. "We are excited to offer our clients a new way to pay," said Michael Paradise, member of the law firm's Executive Committee. "We believe it is important that if we....
Mere weeks after New York state's BitLicense requirements were said to be “in effect,” two Bitcoin mining pools have been forced to deny their services to New York IP addresses (one shutting down entirely), and one exchange has done the same. BTC Guild and Eobot are among Bitcoin's smaller mining pools — you know, the kind that have kept Bitcoin mining sort of “decentralized.” But BTC Guild has now shut down entirely, telling its members: Similarly, Eobot explained to their members who use New York IP addresses that the mining pool could no longer afford to deal with them: “The fact that....