NYDFS hosts crypto industry competition to get real-time data on Bitlicensees
Emerging analytics technology is the name of the game for the next stage in crypto regulation. New York's financial regulator is asking for new tools to gather real-time financial data. On Thursday, the New York Department of Financial Services announced new details of its coming "techsprint" competition:"The objective of the techsprint is to achieve creative and collaborative prototyping as a step toward smarter regulatory reporting in virtual currency."Namely, the DFS is using the two-week competition to get better access to data from crypto companies in real time. It's first question....
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The Bitcoin Foundation has again commented on the 'BitLicense' proposal put forth by the New York State Department of Financial Services (NYDFS) to regulate bitcoin businesses in the state. In a statement released today, the foundation highlights the need for public access to the "extensive research and analysis" cited by the NYDFS when the BitLicense was first proposed. This data, it says, is essential to examine the rationale used by the NYDFS in substantiating its regulatory proposal. The foundation further points out that the NYDFS has failed to produce these materials. Despite an....
BitMart Exchange, a premier global digital asset trading platform, recently announced to co-host the Next Top Blockchain Startup competition with GDA Capital, a capital markets organization that provides solutions to accredited investors and disruptive technology companies. The Next Top Blockchain Startup is not only a technology-focused competition but at the same time a community helping […]
Blockchain startup competitions are an integral part of the Bitcoin ecosystem, as these types of events will drive future technological innovation in this industry. Coming up with new and creative use cases for blockchain technology is a difficult task, but when groups of developers are put together to share their ideas, interesting concepts can become a reality. A new blockchain startup competition has been announced by d10e, taking place in Amsterdam on February 18, 2016. Unlike blockchain hackathons, where developers have to put together a project within a certain time limit, startup....
The recent publication of 'BitLicenses' proposals by the New York State Department of Financial Services (NYDFS) and its superintendent Benjamin Lawsky may be the most controversial talking point to hit bitcoin in its history. Only a few weeks have passed since the proposals were released, but the response has been strong from New York businesses to those far away. The NYDFS initially opened a 45-day window for those in the digital currency industry to respond and provide recommendations based on the proposal. The time was noticeably short, given the diversity of affected participants in....
There certainly has been a ton of talk lately on the topic of the recently-released BitLicense proposal, which at this juncture is presently in an extended commenting period that expires on the 21st of October. The latest on this front is news that the Bitcoin Center NYC has met up with the New York Department of Financial Services (NYDFS) to talk about the proposal. That's according to an email blast issued by the Center this morning, which indicates that the Center's Executive Director, Raymond Cline, met up with Dana Syracuse at NYDFS headquarters in New York for the discussions. No new....