Quote from: BruceFenton on February 13, 2014, 04:04:38 AM

Quote from: marcus_of_augustus on February 13, 2014, 03:39:56 AM

Somebody somewhere wants to license bits ...

Wil-E coyote moment as they look down and realise just how far out over the cliff they have gone?

The widepsread monetary insanity and confusion has no limits it seems.

The real insanity is people in our own industry emphatically saying "I want regulation" and when pressed for an answer why they reply "because it's coming anyway"

The top 5 bitcoin exchanges are located outside of the United States. You can not currently "legally" operate a virtual currency exchange in the United States with out clear regulatory guidance. We don't need "regluation." We need clarity.

The hope is the BitLicense will provide this regulatory clarity to allow competent, compliant virtual currency business to operate legally in the US.

By the way you don't need a petition to communicate with the New York Regulators. Commissioner Lawsky spoke at a conference on Tuesday and has invited public comment even saying he gets a lot of feedback from twitter.

@BenLawsky
@NYDFS

Here are his remarks from that event:
http://www.dfs.ny.gov/about/speeches_testimony/sp140212.htm

He is the video that includes answers to questions:
http://youtu.be/zhIZd9b2-Qs

The whole conference is here

http://newamerica.net/events/2014/new_coin_of_the_realm