5 ms·
New York's "Bitcoin License" slows down Bitcoin development and makes startups go somewhere else. London and Zug (Switzerland) are much more crypto-friendly. Ne
by Hermel 10y ago
New York's "Bitcoin License" slows down Bitcoin development and makes startups go somewhere else. London and Zug (Switzerland) are much more crypto-friendly. New York might be missing a big opportunity here.
- bdcravens 10y agoThat's probably the point.
- VMG 10y agoI think Benjamin Lawsky read the wikipedia article on "Regulatory Capture" and took it as an instruction manual. http://www.wsj.com/articles/benjamin-lawsky-to-step-down-as-new-yorks-top-financial-regulator-1432142255 http://www.wsj.com/articles/benjamin-lawsky-to-step-down-as-...
- edraferi 10y agoShapeShift is super vocal about this. They halted business in New York after the bitlicense was required. Nice to see the application process finally stat moving though.
- tveita 10y agoSo an exchange who lost a significant amount of money in a hack recently is vocally opposed to a license that requires exchanges to perform security audits and to stay solvent? https://news.ycombinator.com/item?id=11550765 https://news.ycombinator.com/item?id=11550765
- baccredited 10y agoRelevant: Why US FinTech is a Joke http://www.coindesk.com/fintech-joke/ http://www.coindesk.com/fintech-joke/