Post
Topic
Board Legal
Re: Lawsky Says New York Will Adapt Money Transfer Rules for Bitcoin
by
smith88
on 12/02/2014, 20:30:08 UTC
Because bitcoin is so easy to use and setup, it will be hard to enforce strict licensing. It will just be a fee to make up for the fees the banks don't get anymore. Eventually, market forces will drive down the fee into oblivion.

Exactly my thoughts.  I don't think they are concerned with mining operations per say; more in ensuring big exchanges are playing by the rules.  This seems fair in my opinion; it does remove some more speculation; albeit introducing more at the same time...  yes confusing.