Post
Topic
Board Press
Re: [2014-08-21] China’s ‘Big Three’ Bitcoin Exchanges: Would Harm Overse
by
mcgullen
on 21/08/2014, 17:40:00 UTC
Why do they feel it is necessary to send their opinion? NY laws concern only NY and the US.

You would think that NY laws only concern NY, but that is not the reality.

Exactly.

To be more precise, the actual NY Laws (the New York Financial Services Law) do concern only NY.  But the BitLicense Proposal, which is to be a regulation promulgated pursuant to the laws, will cover the entire world as drafted.