Lawsky's BitLicense Draws Plenty of Criticism

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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 ... Benjamin Lawsky, the BitLicense Creator returns and advised a new $140 million fund a few years after creating the controversial BitLicense. In our latest cryptocurrency news, we find out what the creator has in mind now.. The BitLicense creator leveraged his position as a lawmaker in order to serve the Bitcoin fund. Benjamin Lawsky, who recently stepped down from his post as NYDFS chief, has drawn a lot of criticism for his BitLicense framework.This set of rules is designed to oversee the operations in the digital currency industry and requires companies to secure licenses before proceeding with their product offerings. Benjamin Lawsky, Superintendent des NYDFS, verkündete während des BITS Emerging Payments Forum in Washington, DC, dass Unternehmen zukünftig für ein Softwareupdate oder für eine Finanzierungsrunde keine Genehmigung seitens der Agentur benötigen. Zudem können Bitcoin-Unternehmen die Bedingungen der BitLicense und der Geld-Sender-Lizenz mit einem “One-Stop” Antrag erfüllen. Lawsky sah sich mit viel Kritik aus der Bitcoin-Gemeinschaft über viele Aspekte seines Vorschlags konfrontiert, vor allem, weil sie glaubten, dass die Anforderungen Innovationen und die Ausbreitung des Bitcoin erschweren würden. Lawsky jedoch unterstützt weiterhin den Vorschlag, und sagte mehrfach, das dieser zwar nicht perfekt ist, aber ein guter erster Schritt gewesen sei. Er hat auf ... Benjamin Lawsky is laying out a new policy on Bitcoin and other digital currencies after public comments encouraged him to scale back proposed rules.

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Cryptocurrency Billionaire Reveals Bitcoin Predictions for ...

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