Cato Institute Opposes Former NYDFS Head's Move Towards Bitcoin Consulting
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....
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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 form a consulting business that will include virtual currency advisory services. "[Lawsky] plans to advise companies on financial matters such as cybersecurity and digital currencies like bitcoin, a new sphere of regulation he helped....
The Bitcoin Foundation today announced the appointment of two new officials to their global team. The first addition to the Foundation is Jim Harper of the Cato Institute, who's been serving as the director of information policy studies at the Institute since 2004. Harper will take on the role of Global Policy Counsel at the Foundation while becoming a Senior Fellow at the Cato Institute. The second addition is Amy Weiss, former White House Deputy Press Secretary, also the founder and head of Weiss Public Affairs. She will serve as a media consultant for the Foundation. "Bitcoin is rapidly....
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.....
The New York Department of Financial Services promised to provide the Bitcoin Foundation with more information on draft 'DFS-29-14-00015-P,' "Regulation of the conduct of Virtual Currency Businesses," or otherwise known as the BitLicense, after the Foundation had filed with the NYDFS yesterday with concerns and comments, in accordance to the New York Freedom of Information Law for "any risk management and cost-benefit analysis (or any other systematic assessment) that is a part of the 'extensive research and analysis'." Jim Harper leads the Bitcoin Foundation's Global Policy Counsel. He is....
The renowned Libertarian public policy think tank The Cato Institute has a review by Steve H. Hanke of the book "New Private Monies: A Bit Part Player?" by free-banking expert Kevin Dowd, published by the Institute of Economic Affairs. According to Hanke, the book delivers a refreshingly accurate and straightforward assessment of Bitcoin, ignoring the hype that surrounds it. At this moment, the book can be freely downloaded in PDF format from the Institute of Economic Affairs website. Both Hanke and Dowd are persuaded that cryptocurrencies are the way of the future, with broad implications....