Coin Center files comment on NY DFS revised BitLicense proposal
The latest version of the BitLicense takes into account many of the changes we suggested but there are still a number of issues that need to be worked out.
Today Coin Center submitted its public interest comment on New York’s revised BitLicense proposal. The revised proposal, which was released on February 4th, takes into account many of the changes we and others in...
Comment on Revised NY DFS BitLicense Proposal
The updated proposal is better but we still have some concerns. Here is what we told the NY DFS.
In revising the first draft of its Virtual Currency Regulatory Framework the New York Department of Financial Services has shown a willingness to embrace challenge that should be celebrated. We...
Sign this letter to tell NY DFS that the BitLicense needs a safe harbor
Small companies and individual technologists need space to innovate without having to ask for permission or obtain a license.
It has become an oft-repeated adage that Bitcoin in 2015 is akin to the internet in 1995. And if there was one aspect of law and policy that was crucial...
CFPB Proposed Rules Relating to Prepaid Accounts Comment
The Consumer Financial Protection Bureau may apply rules meant for prepaid products to digital currency businesses. We recommend against it.
On December 23, 2014, the Consumer Financial Protection Bureau published a proposed rulemaking relating to prepaid products that briefly noted that some of its requirements may apply to virtual currency products. While...
The New York BitLicense and California’s Digital Currency Bill – A Comparison
Both approaches have their strengths but neither is perfect.
Last Monday, I testified before the California Assembly’s Banking and Finance Committee about the innovative potential of cryptocurrencies. And this coming Friday, we will be filing comments on the revised draft of...
Coin Center comments on CFPB proposal to regulate digital currencies
More study is needed before sweeping regulations are promulgated.
Today Coin Center filed a public interest comment in response to the Consumer Financial Protection Bureau’s recent notice of proposed rulemaking relating to prepaid products. While this proposal is focused primarily on...
The UK plan for Bitcoin is a step in the right direction
We are pleased to see such a measured and reasonable response from a government.
As recently as two years ago there was an open question about how governments would react to Bitcoin. Some observers warned of a coming backlash from governments attempting to quash cryptocurrency. How...
Testimony before California State Assembly
The California State Assembly’s Banking & Finance Committee invited Jerry Brito along with other experts and industry leaders to give an overview of Bitcoin technology and answer questions from policymakers. ...
Bitcoin: Our Best Tool for Privacy and Identity on the Internet
Cryptocurrencies can improve security and grant users more granular control over when and how they choose to identify themselves. Here's how.
Financial privacy is an umbrella term for both data security and privacy. We can think of security as the ability to hide information from all comers and privacy, following Nissenbaum’s...
How Bitcoin Will Change International Bank Payments
Correspondent banking can be made cheaper and faster using the type of peer-to-peer technology underlying Bitcoin.
Peer-to-peer technologies that allow parties to bypass intermediaries are bringing change, and competition, to a wide variety of industries—and banking is no exception. New companies like TransferWise and CurrencyFair, for...