“New York’s financial sheriff Benjamin Lawsky announced plans to hold a hearing to ‘consider the possibility and feasibility of NYDFS issuing a ‘BitLicense’.’ That ‘BitLicense’ would allow virtual currency companies to do business in New York and send currency to New Yorkers, and would require compliance with anti-money laundering and consumer protection requirements. But what would a ‘BitLicense’ do that existing regulations don’t already provide for? NY’s financial regulator says it plans to determine that at a hearing in ‘coming months.’ Among the issues are which entities would need to get a BitLicense and what kind of ‘specifically tailored examination requirements’ they would need.”
Related posts:
UK house prices in June reach new record high
Swiss war game envisages invasion by bankrupt French
US 'told Syria rebels' to seek intervention
Officer indicted for illegal drug prescriptions, fake disability claims
Ron Paul Discusses His New Channel And The NSA Spying Program
Massive anti-government protest gears up in Poland
Oklahoma inmates access Facebook with smuggled cellphones
A South Carolina anti-drug police unit admitted it conducts illegal no-knock raids
U.S. missed ‘red flags’ about gunman
ICE Came for a Tennessee Town’s Immigrants. The Town Fought Back.
American teens savvy to smartphone apps that include location tracking
Beating of diabetic driver raises questions about N.J. State Police training
Saudi Arabia's Secret Holdings of U.S. Debt Are Suddenly a Big Deal
Nestlé unveils European youth jobs scheme
Bank of England Governor on Bitcoin: It needs 'accountability'