Not surprisingly, following the arrest of Mt. Gox CEO Mark Karpeles comes word that the Japanese government may seek to implement a formal licensure process for bitcoin exchanges. This was to be expected and has otherwise been greeted by the bitcoin industry with a collective shrug. However, what has not gone unnoticed is the renewed […]
Read More… from Arrest of Mt. Gox CEO reopens an old wound for bitcoin
Following conflict of interest accusations, the former NYDFS Superintendent publicly responded to critics by saying he’s not doing any work in the digital currency space. Notwithstanding Ben Lawsky’s denial, the optics of establishing a private practice purporting to help clients navigate the very rules you create leaves a less than flattering image. Similar criticisms of […]
Read More… from Ben Lawsky will not help you obtain a “BitLicense”
North Carolina may become the latest state to take an affirmative legislative stance on bitcoin regulation. The proposed bill advancing through the state senate would amend existing (and antiquated) money transmission law, imposing regulations which would disproportionately impact bitcoin startups. This includes a $250,000 minimum net worth requirement for all applicants, as well as a […]
Pending regulatory legislation in California was recently amended to include a provisional license to applicants with less than $1 million in outstanding obligations. This added language appears to be a major victory for the bitcoin ecosystem which has long argued for a provisional or bridge period to encourage innovation. However, perhaps the most interesting change […]
Read More… from California: Startup friendly(ish) regulation? Exception for bitcoin ATMs?
