New York’s BitLicense: A Primer (Part 3 of 3)

Posted by Samuel Brylski & filed under Legal.

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*+-In Part 1 of this series, I discussed the purpose of the BitLicense regulation and the scope of the requirement to obtain a BitLicense. In Part 2, I outlined most of the major obligations a BitLicense imposes on the Licensee. In this third and final article of this series, I will discuss the requirement to… Read more »

New York’s BitLicense: A Primer (Part 2)

Posted by Samuel Brylski & filed under Legal.

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*+-In Part 1 of this series, I discussed the purpose of the BitLicense regulation and the scope of the requirement to obtain a BitLicense. In this article, I will outline the major obligations a BitLicense imposes on the Licensee. In the third and final article of this series, I will discuss the requirement to report… Read more »

New York’s BitLicense: A Primer (Part 1)

Posted by Samuel Brylski & filed under Legal.

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*+-On February 4, 2015, the New York State Department of Financial Services (NYDFS) released revisions to their proposed BitLicense regulation of virtual currencies. Though it will not be finalized until the end of an additional 30-day comment period at the earliest, this proposal is unlikely to undergo any more significant changes. This series of articles… Read more »

Regulators Forced to React to the Growing Digital Currency Industry

Posted by Samuel Brylski & filed under Legal, Professional.

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*+-Since Bitcoin’s inception, regulatory risk has been a major limiting factor in the industry’s development. As larger players enter the arena, regulators across the US are feeling increased pressure to clarify their stance on the technology. On February 4, the New York State Department of Financial Services (NYDFS) released yet another revised version of their… Read more »

Has the Federal Reserve Jumped on the Bitcoin Bandwagon?

Posted by Samuel Brylski & filed under Legal.

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*+-A new Federal Reserve white paper reveals that the agency has taken an increased interest in decentralized digital currencies and has begun to recognize their beneficial characteristics, but stops short of full advocacy due to the technology’s lack of maturity.