Post
Topic
Board Legal
Topic OP
New York Bitcoin Bitlicense Regulations
by
BitCoinMadness
on 10/04/2015, 02:02:44 UTC
Do we really see NYSDFS Bitcoin regulations promulgated anytime soon? We are now well past the comment period for the second draft (which ended in late March).

I just don't see it. It will make Ben Lawsky a hypocrite. I just don't think he wants that to be his legacy, and I feel he won't let it. Hence, nothing gets promulgated for quite a long long time and it will be a seriously scaled down version of what the second draft is.

For those without the background, here are links with a short blurb about each one:

Link #1
Here's the CNBC video, where Lawsky speaks to bitcoin as an agent of change and his desire to bring bitcoin companies to New York:

http://video.c[Suspicious link removed]m/gallery/?video=3000252988

Link #2
Here's the link with the following Andreas Antonopolous' quote, which is as follows:

“Bitcoin entrepreneurship is already moving overseas and moving at an accelerated rate. Give it a month and New York will be a wasteland in terms of bitcoin innovation because it will be deserted as soon as the BitLicense starts up — with the exception of one or two banking players who are going to find it a very fertile environment to create non-bitcoin lookalikes in New York. But everyone else is going to leave, and they’re already leaving.”

http://insidebitcoins.com/news/3-key-points-from-andreas-antonopouloss-qa-at-mit-bitcoin-club/30015