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

Samuel Brylski - Headshot[1] copy

*+-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

Samuel Brylski - Headshot[1] copy

*+-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?

Samuel Brylski - Headshot[1] copy

*+-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.

An Interview with Alan Williams of BitcoinAdvice.net on the primary issue keeping Bitcoin executives up at night

alan-williams

*+-Interview by David Berger, CEO of the Digital Currency Council, with Alan Williams – CEO of BitcoinAdvice.net. Alan’s team at BitcoinAdvice.net includes management consultants with experience in digital currencies, regulation, compliance and technology. David: Alan, Thank you for your time today. BSA/AML compliance is certainly on a lot of Bitcoin executives’ minds these days. How… Read more »

Potential Pitfalls and Current Trends in Federal Criminal Law

Margaret Cullum

*+-Most everyone probably thinks of the Silk Road case when the words “bitcoin” and “criminal” are uttered in the same sentence. However, legitimate businesses need to consider several important points in order to avoid criminal penalties. First, some businesses may be required to register as a money services business (“MSB”) both at federal and state… Read more »