Ben Lawsky Rejects Conflict of Interest Accusations ...

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On Wednesday, February 4, Ben Lawsky, the Superintendent of the New York Department of Financial Services (NYDFS), released the revised version of the infamous BitLicense. This piece of regulation will require all Bitcoin businesses in New York that deal with transmitting Bitcoin, and exchanging it for fiat, to obtain a license. Holding a license will require businesses to comply with several ... Lawsky added in his tweet that he expects to have a proposal out in the next week, perhaps two. DFS making good progress on virtual currency regs. Sorry for running slightly behind. Should have proposal out in next week or 2. #bitcoin — Ben Lawsky (@BenLawsky) July 9, 2014 Erik Voorhees on Ben Lawsky’s Bitcoin Firm: “It’s the Very Definition of Crony Capitalism” June 24, 2015 By Kyle Torpey CEO Erik Voorhees was recently interviewed by Paul Buitink , Jop Hartog , and Tuur Demeester on the deBitcoin weekly hangout , and he discussed his company’s recent reaction to the finalized BitLicense . Ben Lawsky zealously followed and supported Bitcoin regulation in New York, even when the Bitcoin community spoke out in opposition. Furthermore, since his new firm provides consultancy on virtual currency in regulations in New York, the natural question is: did Lawsky use his position in the NYDFS to set himself up for private sector success? Hochstein probed Lawsky for a reaction to the ... On Thursday (September 5), Binance and Paxos Trust Company (“Paxos”) announced a strategic partnership for the purpose of launching a fully dollar-collateralized stablecoin called Binance USD (BUSD). A Brief History of Paxos. In April 2012, a crypto exchange called itBit was born. In May 2015, New York State Department of Financial Services (NYDFS) issued “a limited purpose trust company ... Ben Lawsky Announces Revised BitLicense December 18, 2014 By Oliver Carding A few days ago, New York State’s superintendent of financial services, Ben Lawsky, announced DFS’s revised outline of the Bitlicense framework for regulating digital currencies. Lawsky addressed this concern by introducing the most notable development in Bitcoin regulation as of late, the “transitional Bitlicense”. “ The (transitional Bitlicense) would allow small businesses and start-ups to operate within a more flexible framework for a set period of time, during which time tailed examinations would be conducted.

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Crypto SWIFT Network, Bitcoin Is Evil, Fake Bitcoin Transactions & China Loves Facebook Coin

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