Comments and Petitions: How the BitLicense Will Affect the Future of Bitcoin
When Ben Lawsky and the NYDFS met with key players in the Bitcoin community earlier this year, there were many questions of what the committee would propose and how it would affect Bitcoin entrepreneurs, businesses and the future of the digital currency industry. For nearly everyone in the Bitcoin ecosystem, the proposed BitLicense struck a nerve. It is....
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The Electronic Frontier Foundation explained their position in regards to New York's proposed BitLicense on Wednesday, and the organization that is known for defending individual rights on the Internet did not have many kind words to say about the possible regulations. Also read: Bitcoin Foundation Condemns Lack of Transparency in New York BitLicense. The point of the post by the EFF was to reach out to their community and find people who would be willing to sends comments to the New York Department of Financial Services. Rainey Reitman, the author of the post on the EFF's website, made it....
Earlier today, NYDFS Ben Lawsky posted to Twitter stating that all the BitLicense comments received by the department have been published. All in all, the NYDFS received 3,746 comments from around the world. The vast majority of commentators are individuals are the average length of comments vary greatly. However, some notable large companies also submitted comments to the NYDFS to seek clarification or provide suggestions. Walmart, Amazon, and Western Union are three of the largest companies that have publicly commented on the BitLicense. Despite releasing the comments, Lawsky still has....
Bitcoin company Xapo recently released its second comment letter on New York’s revised BitLicense. Additionally, the company has teamed up with other bitcoin industry leaders in submitting a combined comment letter to provide further feedback on the BitLicense proposal. After BitLicense was introduced by the New York Department of Financial Services (NYDFS) last year, Xapo released its first letter providing its comments. The NYDFS released its revised BitLicense proposal in February 25, 2015. Shortly afterward, on March 27, 2015 Xapo released its second BitLicense comments.
Earlier today, the Electronic Frontier Foundation (EFF), the Internet Archive, and Reddit, all filed public comments to the NYDFS regarding their proposed BitLicense Bitcoin regulation. The EFF first posted about the BitLicense, simultaneously revealing their stance and prompting the populace to send their own comments to the NYDFS, last week. The San Francisco companies have given voice to an opinion about the BitLicense that doesn't require any prerequisite knowledge about Bitcoin. The public comment submitted today represents the opinions of three defining organizations from the....
Digital rights advocacy group the Electronic Frontier Foundation (EFF) is supporting privacy, free speech and innovation through a new email campaign opposing New York's proposed BitLicense. The EFF has crafted a pre-written letter for supporters to sign and send to the New York Department of Financial Services (NYDFS) and its leading supervisor, Superintendent Ben Lawsky. The letter argues that premature regulation stifles innovation, and that because of this, the BitLicense could adversely affect the bitcoin and digital currency industry should it pass in current form. However, the EFF....