As the deadline for public comment on the proposed New York Department of Financial Services (NYDFS) “BitLicense” rules approaches, some of bitcoin’s biggest players are finally making their opinions known. Circle, Xapo and the Bitcoin Foundation have all weighed in on the topic in the last two months, but the true giants of the bitcoin […]

Xapo founder Wences Casares has weighed in on the “BitLicense” regulatory framework proposed by the New York Department of Financial Services (NYDFS), calling it “over-regulation” that “hinders progress and serves an anticompetitive function” for the still-growing bitcoin industry. In a new post on the Xapo blog, Casares said that the regulation will have a “potentially […]

The New York Department of Financial Services (NYDFS) has extended the public comment period around their proposed “BitLicense” regulation for digital currency-related businesses operating in the state’s jurisdiction. In an update published today to the NYDFS website, the regulatory agency said that the extension came in response to a “significant amount of public interest in […]

As the public comment period for the proposed New York Department of Financial Services (NYDFS) “BitLicense” draws to a close, the bitcoin community is segregating into two broad camps. On one side are the privacy-minded, regulation-resistant types who are generally skeptical of the need for government oversight of an exchange system that was specifically designed […]

Few recent developments in the bitcoin world have been as controversial as the proposed New York Department of Financial Services (NYDFS) “BitLicense” plan. The regulation would seek to place standard bank-like controls on bitcoin-related businesses in New York, including a range of know-your-customer rules and anti-money laundering controls. With increased anonymity and a lack of […]

Could the New York Department of Financial Services (NYDFS) BitLicense shutter long-running mining pool BTC Guild? Recent discussions about the impact of the disclosure rules in the proposed regulations may result in the closure of the mining collective. In a statement published on July 19, BTC Guild’s operator said that compliance with the new rules […]