Benjamin Lawsky Unveils Final Bitcoin Regulations
Speaking at the BITS Emerging Payments Forum today, Superintendent of the New York Department of Financial Services Benjamin Lawsky released the final set of Bitcoin regulations, commonly known as BitLicense. The rules and regulations will govern only the financial intermediaries associated with Bitcoin and other virtual currencies. Mr. Lawsky said: "The emergence of digital currency and other new forms of payments technology represent an important test for financial regulators such as NYDFS. We have a responsibility to regulate new financial products in order to help protect consumers and....
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Superintendent of the New York Department of Financial Services (NYDFS), Benjamin Lawsky's final act will include unveiling of the Bitcoin licensing rules. The regulator, who served four years as the agency's first superintendent, recently announced that he will step down from the office in late-June but will protect the interests of the customers with the new set of regulations. According to a WSJ report, Lawsky is planning to present the widely-awaited BitLicense regulations next week. The Bitcoin community is expecting Benjamin Lawsky's version of BitLicense to stifle innovations and....
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.....
New York State Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky today released the final version of the BitLicense regulations, saying that his "gut feeling" was that digital currencies are here to stay. The BitLicense program to require digital currencies businesses in New York state to operate with a license and report to government has long been in the making and included two revisions with comment periods to allow for public criticism and input. Many felt that Lawsky had to find a reasonable balance between protecting consumers and allowing digital finance....
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....
A simple reminder that New York State Department of Financial Services Superintendent Benjamin Lawsky has begun to answer questions on social sharing website Reddit.com. The AMA (ask-me-anything), which is taking place here, is expected to focus on Lawsky's work to regulate bitcoin and bitcoin businesses in the State of New York. As of this writing, Lawsky has only answered one question, but with over 100 comments on the thread piled up already, he's got a long way to go. Check it out for yourself. Who knows, you may even have your question answered.