Superintendent Lawsky to Leave the NYDFS and Start Consulting Business: Cato Institute Cries Foul
The Wall Street Journal reports that Benjamin Lawsky, the superintendent of the New York Department of Financial Services (NYDFS) who is expected to issue this month a new regulation for digital currency businesses called BitLicense, which has been widely criticized for being unnecessarily strict, will leave the NYDFS in June. Lawsky said that he will....
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Just recently, New York Department of Financial Services (NYDFS) superintendent Benjamin Lawsky announced his decision to step down from office to start a business consulting firm. Lawsky has been known for his strict implementation of financial regulation in the state and for BitLicense. BitLicense is a framework of regulation designed to oversee activities in the bitcoin industry in particular. This has drawn a lot of opposition, particularly from bitcoin startups, who might wind up incurring too many costs in acquiring the necessary licenses to offer their products and services in New....
Following the appointment of several former federal officials to the strategic board of some bitcoin startups, New York Department of Financial Services (NYDFS) superintendent Benjamin Lawsky announced his plans to step down and form a digital currency consulting group. Anonymous sources cited that the former NYDFS chief is set to create a legal consulting firm to advise clients on matters involving bitcoin and digital currencies. Prior to this, the NYDFS already announced in a press release that Lawsky will leave office in late June after his four-year stint. Digital Currency Consulting.....
New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky is stepping down next month and is said to be planning to establish a legal consulting firm. While the news created a slew of headlines, some media outlets were able to uncover new details. For example, The New York Post indicated that Lawsky would seek to advise clients on matters involving bitcoin and digital currencies, citing anonymous sources. According to a 20th May press release, the NYDFS announced that Lawsky will leave office in late June after serving as superintendent of New York's top....
Former New York State Department of Financial Services (NYDFS) superintendent Benjamin Lawsky denied allegations from the Bitcoin community suggesting he created the BitLicense as a setup for his newly established legal firm, The Lawsky Group. Lawsky said he is not allowed to work on anything related to the BitLicense for the rest of his life. Lawsky countered the criticism during an interview with American Banker editor in chief Marc Hochstein. The interview, held at the American Banker Digital Currencies + the Blockchain Conference in New York City, was Lawsky's first public appearance....
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.....