Bitcoin Panel Seeks New Take on Regulation at New Jersey Hearing
A group of nine business owners and legal experts pitched a panel of New Jersey legislators this week on why they should make the Garden State a hub for bitcoin development. To get there, the panel urged, would require creating an environment in which digital currency developers, startups and ideas could flourish without the risk of onerous financial rules stifling innovation. The 5th February hearing was hosted by the New Jersey Legislature's Assembly Financial Institutions and Insurance Committee. Among the topics discussed were the multi-signature wallet technology, the nature of....
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Someone apparently told cryptocurrency to "go back to Jersey," and the advice seems to have been taken. The New Jersey State Legislature is slated to hold a hearing on digital currency. Among the topics to be discussed include safety and consumer protection, applications, the advantages of cryptocurrency and current regulation practices regarding usage. Assembly Democratic spokesman Tom Hester explains how the idea to hold the hearing first came about: "Chairman Coughlin wanted to do a hearing on digital currency because he realized that the role of digital currency is expanding in society....
Although you may never have heard of it, a small country of just 100,000 people sits between England and France called Jersey. The island is just 45 square miles and attracts many startups and successful companies to its shores. Leading the way for Fintech in Europe, Jersey has begun to take on its own challenge of Bitcoin regulation. The Government of....
The New Jersey State Legislature is holding a public hearing on bitcoin and digital currency today. The Assembly Financial Institutions and Insurance Committee has invited select guests to testify to the applications, consumer protection risks and concerns, advantages and current US regulatory schemes related to digital currency use. 'Chairman [Craig J] Coughlin wanted to do a hearing on digital currency because he realized that the role of digital currency is expanding in society and felt that the legislature should consider how to ensure New Jersey is prepared to deal with that....
Though we have only hints at what regulation could result from last month's NYDFS hearing in New York, members of both sides largely agree the dialogue did much to improve relations between New York regulators and the bitcoin community. Despite the steps forward, however, recent actions taken by the state's southern neighbor New Jersey suggest that US law enforcement is going the extra mile to try and prevent any potential bitcoin threats, no matter how dubious. In a controversial move, the New Jersey Division of Consumer Affairs issued a subpoena this December against Jeremy Rubin, a....
The Ontario Securities Commission (OSC) is on the hunt for representatives from the digital currency and blockchain industry for a new advisory panel on fintech. Announced yesterday, the panel will coordinate with and provide advice to the OSC’s LaunchPad, a fintech-focused initiative that serves as a communication point between startups and regulators. Applications for the panel are due by 30th November, the OSC said. The OSC elaborated in a statement: “OSC LaunchPad strives to keep regulation in step with digital innovation. The [Fintech Advisory Committee] will meet quarterly, with....