Good for Bitcoin? Lawsky Steps Down End of June
Benjamin Lawsky (Public Domain). New York's top financial regulator, Benjamin Lawsky, has made a career out of garnering unprecedented fines from the global financial elite. He is known for holding their license to do business in New York over their heads and securing fines several times those of federal authorities on more than one occasion. However, one of the biggest scandals of the last decade, the FOREX rigging by JPMorgan, Citigroup, Barclays, and Royal Bank of Scotland, will essentially go unpunished. The banks have collectively come to an agreement to pay a fine of some $5 billion,....
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Regulations outlining so-called Bit-Licenses and regulations related to virtual currencies in the State of New York were set to be released "no later than the end of the second quarter of 2014," but we haven't yet heard a thing. Until this afternoon. New York State Department of Financial Services Superintendent Benjamin Lawsky took to social media (Twitter, specifically) to deliver a progress report of sorts on the work his Department is doing, adding that "good progress" is being made on the front. Lawsky added in his tweet that he expects to have a proposal out in the next week, perhaps....
Former New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky issued his first public statements on the BitLicense today following his stepping down from the position in June. The comments came during an interview with American Banker editor in chief Marc Hochstein at the second annual American Banker Digital Currencies + the Blockchain Conference in New York City, which also featured Digital Asset Holdings CEO Blythe Masters and Digital Currency Group CEO Barry Silbert, among others. Overall, the conversation stuck more broadly to areas of interest for....
Benjamin Lawsky, Superintendent of the New York Department of Financial Services (NYDFS), is slated to appear at the Benjamin N. Cardozo School of Law to discuss bitcoin on October 14th, according to this event page. The title of the 'Tech Talk' is Regulating Digital Currency: BitLicense and the Internet of Value, and Lawsky is perhaps one of the better-suited individuals working for the government that can speak on the topic. Lawsky's NYDFS currently has a proposal out right now for BitLicense scheme, which requires companies working in the digital currency industry in the State of New....
New York State Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky will give remarks on the agency's efforts to regulate digital currency activities at a Washington, DC event tomorrow. According to a press release from the NYDFS, Lawsky will be speaking at the BITS Emerging Payments Forum at 3:30pm UTC. In a tweet, Lawsky suggested that the speech may focus on the BitLicense, the regulatory framework crafted by the NYDFS that was expected to be released before the end of last month. Speaking tmrw on the latest in DFS digital currency regulation. Here's information on....
The Department of Financial Services superintendent, Benjamin Lawsky, who has been leading the charge in an effort to regulate bitcoin, is reportedly considering resigning from his position in early 2015. Benjamin Lawsky is perhaps the most powerful person in New York State to be pushing regulation on the bitcoin community. Many are curious as to where Lawsky will go: a bank? a finance company? a Bitcoin company? an elected position? After the election of last week, it's not uncommon to see several resignations follow. Perhaps the most interesting resignation is that of Benjamin Lawsky.....