Connecticut and Bitcoin: A legislative question mark
The law is supposed to give us something written and perspicuous to rely on as we go about planning our affairs and our futures. Connecticut’s Public Act 15-53 creates no such transparency or certainty.
As you can see by visiting our state tracker, we’re watching several states craft legislation that would create licensing regimes for digital currency businesses. New York’s BitLicense has been the big...
Bitcoin: Risk Factors for Insurance
How do you insure Bitcoin? We were asked by venerable insurance provider Lloyd's of London to answer that question.
The 325-year-old Company that’s Learning about Bitcoin
Coin Center and Lloyds Release Bitcoin Risk Report.
The venerable insurance market, Lloyd’s of London, got its start in a coffee shop. The Lloyd’s Coffee House opened up around 1688 and quickly became the place for London-docked sailors, shipowners, and...
Coin Center holds major Capitol Hill briefing for senior congressional staff
The well attended event included top policymakers highlighting their support of the freedom to innovate using blockchain technologies.
Today Coin Center hosted a briefing on Bitcoin for over 50 senior congressional staff. Judiciary Committee Chairman Bob Goodlatte, together with Representatives Jared Polis and Mick Mulvaney, spoke at the...
Second Letter to California State Assembly
A second letter regarding the California State Assembly's virtual currency bill.
Coin Center submitted this letter to the California State Assembly regarding AB 1326 Virtual Currency. The bill, which recently passed through the Assembly, would establish a licensing regime for businesses dealing...
New Backgrounder: Why are there so many Bitcoin Scams?
Researcher Ben Doernberg delves into the factors causing a high rate of scams involving cryptocurrency.
Coin Center has published a new backgrounder, “Why are there so many Bitcoin Scams?,” to address the high rate of fraud which has plagued the Bitcoin space in its early...
New York BitLicense Falls Short
Innovation under threat in New York as confusing language remains.
Washington, DC -- The final language of New York's Department of Financial Services (NYDFS) BitLicense, released today, contains several provisions which will impede digital currency innovation in the state. Coin Center,...
New Backgrounder: What are Micropayments and How does Bitcoin Enable Them?
Chris Smith of BitMesh explains the advantages Bitcoin brings to micropayments and the basic structure of micropayment channels.
Coin Center has published a new backgrounder, “What are Micropayments and How does Bitcoin Enable Them?,” to break down the components of Bitcoin micropayment channels and describe how they work...
Our thoughts on the BitLicense: California is Winning
The final version of the BitLicense is out and it has failed to address our two top concerns: vague defintions and a discriminatory state-level anti-money laundering regime.
The final version of the BitLicense [PDF] is out and it has failed to address our two top concerns: an overbroad definition of virtual currency business activity and an unprecedented and discriminatory state-level anti-money...
Tracking Bitcoin Regulation State by State
To help the public better understand what proposals are currently in play at the state level, today Coin Center is releasing a State Digital Currency Regulation Tracker.
The New York Department of Financial Services will likely release a first-of-its-kind digital-currency-specific state regulation, the BitLicense, within days. They’ll soon be joined by a growing number of states that...