The regulatory agency originally initiated the Bitlicense back in 2015 with the help of Ben Lawsky. The document was 44 pages and it outlined all the necessary requirements for businesses who want to trade in cryptocurrencies. To this day, it is mandatory that companies submit an application to manage and use digital currencies. Jamie Redman covered it at bitcoin.com. He mentioned how many ... Ben Lawsky, one of the leading contributors towards Bitlicense received criticism from the Bitcoin community for resigning from the NYDFS and forming his own cryptocurrency consulting firm in the private sector. Accused of conflict of interest and having direct political connections, Lawsky’s firm coming to light shortly after Bitlicense upset many in the Bitcoin community. Lawsky openly ... Home › Latest News › Ben Lawsky Announces Revised BitLicense. Press Release. 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. The updated Bitlicense will be posted on FDS’s ... Erik Voorhees on Ben Lawsky’s Bitcoin Firm: “It’s the Very Definition of Crony Capitalism” June 24, 2015 By Kyle Torpey ShapeShift.io 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 . New York currently has system that regulates cryptocurrency. In 2015, the Department of Financial Services issued the regulations and one such regulation required that cryptocurrency businesses obtain a “BitLicense” to operate. Ben Lawsky, the New York Superintendent of Financial Services at the time, stated, There is no doubt about the fact Lawsky started a virtual currency regulation consultancy firm soon after working as the architect of the first comprehensive body of Bitcoin regulation. Though the accusations are not new, they came to mainstream media for the first time when Marc Hochstein, editor-in-chief of the American Banker, asked Lawsky about the possible conflict of interest in his ... Altcoins Bitcoin Regulation. New York’s Final BitLicense Language Impedes Blockchain Innovation – Crypto Coin Sector . Hans Lombardo June 5, 2015 No tags. Ben Lawsky, the superintendent of New York’s Department of Financial Services (NYDFS), released his final version of the Bitlicense, regulations for digital currencies in the state. Lawsky, with input from the Bitcoin Community, has ...
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