Chamber of Digital Commerce Submits Comments to NYDFS on Regulation Proposal
The newly-formed Chamber of Digital Commerce, established in mid-July by Perianne Boring, has submitted comments to the New York Department of Financial Services (NYDFS) relating to recently-released BitLicense regulations. The ten-page comments from Ms. Boring state the following: The proposed regulations shouldn't apply to business that only store or transmit digital currency. Businesses in the digital currency realm should have the freedom to make investments. Businesses in the digital currency realm should have the freedom to innovate. The proposal's "Existing Exchange Services"....
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The Chamber of Digital Commerce (CDC) has submitted its official comments to the New York Department of Financial Services (NYDFS) regarding the BitLicense proposal. Launched in July, the Washington-based lobbying group led by president and former Forbes contributor Perianne Boring is seeking to influence broader bitcoin policy in the US, while advocating for smart regulation that will support the digital currency industry. The CDC offered a broad critique of the proposal, suggesting that the NYDFS needs to revise its definition of 'virtual currency' and 'virtual currency business....
The Chamber of Digital Commerce, located in Washington D. C., has been one of the major organizations spear-heading the BitLicense opposition. Chamber of Digital Commerce Founding President Perianne Boring has been vocally active against Ben Lawsky's proposed BitLicense regulation recently at the North American Bitcoin Conference in Chicago. The Chamber of Digital Commerce then held a press conference at the Coin Congress Sessions in San Francisco asking for an extension to the 45-day comment period Lawsky is allowing the community. CCN. Lawsky told the community that he would allow 45....
Perianne Boring's Chamber of Digital Commerce was recently announced at the North American Bitcoin Conference, and already they're issuing a call-to-action to companies and members of the cryptocurrency industry. In a Wednesday statement, the Chamber issued a statement in which they called the proposed New York State Department of Financial Services (NYDFS) bitcoin regulations "severely debilitating" to the cryptocurrency industry as we know it. From Wednesday's statement: Despite Ben Lawsky's claims that these proposed regulations are intended to be guardrails to "protect consumers and....
The BitLicense proposal appearing to be something so suffocating for Bitcoin businesses, many of them would rather not do business with the state. But rather than simply leave New York and hope that the policy doesn't become popular nationwide, the Digital Chamber of Commerce wants to enlist you to help them educate Congress on a more reasonable approach to Bitcoin regulation. While many in the community would argue that Bitcoin cannot be regulated by its very nature, others would point out that government attempts are coming either way and it would benefit the community to express what....
The Bitcoin Foundation has again commented on the 'BitLicense' proposal put forth by the New York State Department of Financial Services (NYDFS) to regulate bitcoin businesses in the state. In a statement released today, the foundation highlights the need for public access to the "extensive research and analysis" cited by the NYDFS when the BitLicense was first proposed. This data, it says, is essential to examine the rationale used by the NYDFS in substantiating its regulatory proposal. The foundation further points out that the NYDFS has failed to produce these materials. Despite an....