I came across this article by Hilary J. Allen, Suffolk University Law School, August 13, 2015, titled “$=€=Bitcoin?” that basically calls for the Federal Reserve, or other government bodies to regulate Bitcoin and other digital currencies. There are several problems with this article, I’ll outline some of them below, but the most pervasive is her […]
NC Bitcoin, Digital Currency Bill Moves Forward – Senators Perplexed…
North Carolina’s Digital Currency Bill, HB289 was introduced by NC Rep. Stephen Ross who is also a VP at Wells Fargo, he filed the bill on behalf of the North Carolina’s Commissioner of Banks (NCOOB). The bill has moved forward with a few more Senators backing it: There are at least 3 major problems: They don’t understand […]
California’s Latest Draft of its Digital Currency Bill is a Huge Improvement!
California’s latest draft of its Digital Currency Bill is much friendlier to businesses and startups. They’ve removed language that would require licensing for exchanging or conversion of digital currency to other forms of currency. Basically if you have the digital keys to your customers money you will need a license – and you should because […]
Silicon Valley Bank Says UK Should Regulate Digital Currency
A good article listing several major financial firms recommendations on regulations of digital currency in the UK, including Silicon Valley Bank. Currently the UK is very friendly to Digital Currency. I agree that some regulation is required, however it’s obvious that the major financial institutions are more interested in maintaining their financial monopolies at all […]
BitLicense Non-Refundable $5000 Fee
Here’s a good post pointing out some of the shortcomings of the New York BitLicense… like the non-refundable $5000 application fee. Kind of locks out startups… which is the point, and why we need to build a Digital Currency Alliance with deep pockets. http://digitalmoneytimes.com/crypto-news/bitlicense-is-an-example-of-why-bitcoin-regulation-needs-to-be-worked-on/ Fred