Gibson Dunn The New Standard in Bitcoin Regulation? New ...

Ben Lawsky on NYDFS Bitcoin Regulations...

Ben Lawsky on NYDFS Bitcoin Regulations... submitted by escapevelo to Bitcoin [link] [comments]

PSA: The new Bitlicense regulations would cover localbitcoins transactions. Any person who is buying or selling bitcoins through localbitcoins can now be charged with criminal activity if they did not register with the NYDFS and pay their GoonSquad Mafia Fee.

submitted by Cryptolution to Bitcoin [link] [comments]

NYDFS Changes its Mind on Releasing Additional Information in Regards to Proposed Bitcoin Regulation

NYDFS Changes its Mind on Releasing Additional Information in Regards to Proposed Bitcoin Regulation submitted by DynamicDK to Bitcoin [link] [comments]

Don't you get it? The NYDFS regulations are simply weeding out the bad bitcoin companies so only the successful ones operate

The NYDFS regulations for bitlicenses are clearly meant to weed out the bitcoin companies that are doomed to fail anyway.
Imposing capital and safety requirements may seem like an attempt against startups, but lets be logical here:
  1. Neither Coinbase, nor Blockchain, nor any other of the big players in bitcoin are even slightly worried about the bitlicenses, as they are successful enough to comply with the rules.
  2. If a startup wants to enter the game, it can do so everywhere else in the USA without a license. If it demonstrates its services are successful, it will have enough capital injected into the company from investors to apply for a NY license.
  3. If the startup is not successful, and cannot sustain itself, then it should not be in the game anyway. Do you really want another Mt. Gox or another Neo & Bee screwing lots of people in New York or elsewhere, giving the press enough ammo for FUD and thus screwing EVERYBODY who uses bitcoin? I can guarantee you that will scare people away from bitcoin. That's not what bitcoin needs.
So stop yer bitching and moaning. Set up your startup in California and, if you make it, move over to New York. If you fail, well, at least you didn't Gox anyone in NY.
submitted by toliro to Bitcoin [link] [comments]

With the proposed BitLicense from the NYDFS out, we now know when the first regulated American Bitcoin exchange will launch...

July 23: Proposal published in NYDFS journal
Sept. 6: End of 45-day Comment Period
After comments are in, the regulation will be revised by the NYDFS and companies will be approved within 90 days after implementation.
Which brings us to December 6th, 2014, as a tentative date for the FIRST regulated Bitcoin exchange to launch.
Huge.
Source: http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdf
submitted by bitcoinatmguy to Bitcoin [link] [comments]

NYDFS Asks for Comments on Proposed Bitcoin Regulation

NYDFS Asks for Comments on Proposed Bitcoin Regulation submitted by SteakingBad to nyc [link] [comments]

Anyone know how to submit feedback for NYDFS proposed bitcoin regulations?

Benjamin Lawsky's post said go here: http://www.dos.ny.gov/info/register.htm
However, it's not at all clear what to do on the URL. Anyone know the next steps?
FWIW, my feedback is I'm mostly okay with consumer protection requirements for anyone who is a full custodian, but everything else should be dropped. In particular, AML regulations in a pure crypto world are heavy handed and ineffective, considering that anyone can use decentralized currencies without going through third parties.
submitted by jseims to Bitcoin [link] [comments]

Ben Lawsky from NYDFS posts the proposed BitLicense regulations - r/Bitcoin

Ben Lawsky from NYDFS posts the proposed BitLicense regulations - Bitcoin submitted by ThatchNailer to Rad_Decentralization [link] [comments]

Hi, this is Ben Lawsky at NYDFS. Here are the proposed BitLicense regulations. : Bitcoin

submitted by themusicgod1 to ripplers [link] [comments]

Bitcoin Companies React to NYDFS Regulation Proposal

Bitcoin Companies React to NYDFS Regulation Proposal submitted by BTCNews to BTCNews [link] [comments]

The New York Department of Financial Services (NYDFS) proposes sweeping Bitcoin regulations—and they’re strict

The New York Department of Financial Services (NYDFS) proposes sweeping Bitcoin regulations—and they’re strict submitted by teelm to technology [link] [comments]

NYDFS Extends BitLicense Bitcoin Regulation Comment Period To 90 Days

NYDFS Extends BitLicense Bitcoin Regulation Comment Period To 90 Days submitted by voyagerdoge to DogeNews [link] [comments]

NYDFS Asks for Comments on Proposed Bitcoin Regulation

NYDFS Asks for Comments on Proposed Bitcoin Regulation submitted by cryptocurrencylive to CryptoCurrencyLive [link] [comments]

r/Bitcoin: Hi, this is Ben Lawsky at NYDFS. Here are the proposed BitLicense regulations. by /u/BenLawsky (37 mins. old)

submitted by rising_threads_bot to RisingThreads [link] [comments]

X-Post /r/Bitcoin - "Hi, this is Ben Lawsky at NYDFS. Here are the proposed BitLicense regulations."

X-Post /Bitcoin - submitted by rob-ot to moneylaundering [link] [comments]

Hi, this is Ben Lawsky at NYDFS. Here are the proposed BitLicense regulations. : Bitcoin

Hi, this is Ben Lawsky at NYDFS. Here are the proposed BitLicense regulations. : Bitcoin submitted by seagray to seagray [link] [comments]

Free $10 in BTC at Gemini Exchange (also using stablecoin)

Gemini is a well-known cryptocurrency exchange from the US, regulated by the New York State Department of Financial Services (NYDFS), so definitely a trustworthy company.
They offer a $10 referral bonus after trading $100 in crypto, which works almost anywhere in the world. With the below steps you should lose max. $1 with the trading so that's $9 profit. There are no fees for withdrawing the crypto to your own wallet.
You can also deposit and trade with a stablecoin (either DAI or GUSD) to avoid any volatility risk.
Steps:
  1. Sign up through this link: https://gemini.com/share/rllvyzf6 non-ref link without bonus: https://gemini.com
  2. Verifieer your identity and address
  3. Tip: send their support a request here with the simple message 'Hi, can I get access to ActiveTrader?' to get access to the ActiveTrader interface with much lower fees: I paid just 2x $0,37 instead of 2x $2,99: https://imgur.com/a/G5cOy0G
  4. Deposit $100 of crypto to your Gemini account
  5. Trade for at least $100 in cryptocurrency (crypto to crypto or to USD and back) to trigger the bonus
  6. The $10 in BTC will be credited to your account within 1-2 days (usually at night)
  7. You can withdraw your deposit and bonus (no fees)
Full conditions here: https://gemini24.zendesk.com/hc/en-us/articles/360032830371-How-does-the-Referral-program-work-
No fees for up to 10 withdrawals per month: https://gemini.com/fees/transfer-fee-schedule#withdrawal-individual
If you're new to crypto, some extra information:
About stablecoins
Sending cryptocurrencies to and from Gemini
Hope this extra information helps, please let me know if I should add anything :)
submitted by blxyy to beermoneyuk [link] [comments]

New York Financial Regulator Greenlights 10 Tokens for Custody


The New York State Department of Financial Services has issued a greenlist of 8 virtual currencies for sale and trade, and 10 coins approved for custody by licensed entities.

According to a Aug. 3 update on the New York Department of Financial Services website (NYDFS), state regulators have approved 8 cryptocurrencies for listing and trading. These tokens include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Binance USD (BUSD), Gemini Dollar (GUSD), Pax Gold (PAXG), and the Paxos Standard Token (PAX). The NYDFS also greenlighted the same coins for custody as well as XRP and Ethereum Classic (ETC).

“Any entity licensed by DFS to conduct virtual currency business activity in New York may use coins on the Greenlist for their approved purpose,” the NYDFS stated. However, it clarified that any licensed business needed to inform the regulatory body prior to using any greenlisted token.

The announcement also stated that the NYDFS has the authority to remove any of the tokens from the greenlist at any given time, limit the activity of any coin, as well as discontinue the list entirely.
submitted by ami_nil1987 to DigitalCryptoWorld [link] [comments]

New York Financial Regulator Greenlights 10 Tokens for Custody


The New York State Department of Financial Services has issued a greenlist of 8 virtual currencies for sale and trade, and 10 coins approved for custody by licensed entities.

According to a Aug. 3 update on the New York Department of Financial Services website (NYDFS), state regulators have approved 8 cryptocurrencies for listing and trading. These tokens include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Binance USD (BUSD), Gemini Dollar (GUSD), Pax Gold (PAXG), and the Paxos Standard Token (PAX). The NYDFS also greenlighted the same coins for custody as well as XRP and Ethereum Classic (ETC).

“Any entity licensed by DFS to conduct virtual currency business activity in New York may use coins on the Greenlist for their approved purpose,” the NYDFS stated. However, it clarified that any licensed business needed to inform the regulatory body prior to using any greenlisted token.

The announcement also stated that the NYDFS has the authority to remove any of the tokens from the greenlist at any given time, limit the activity of any coin, as well as discontinue the list entirely.
submitted by ami_nil1987 to airdropfactory [link] [comments]

$10 free in BTC at Gemini exchange (also using stablecoin)

Gemini is a well-known cryptocurrency exchange from the US, regulated by the New York State Department of Financial Services (NYDFS), so definitely a trustworthy company.
They offer a $10 referral bonus after trading $100 in crypto, which works almost anywhere in the world. With the below steps you should lose max. $1 with the trading so that's $9 profit. There are no fees for withdrawing the crypto to your own wallet.
You can also deposit and trade with a stablecoin (either DAI or GUSD) to avoid any volatility risk.
Steps:
  1. Sign up through this link: https://gemini.com/share/rllvyzf6 non-ref link without bonus: https://gemini.com
  2. Verifieer your identity and address
  3. Tip: send their support a request here with the simple message 'Hi, can I get access to ActiveTrader?' to get access to the ActiveTrader interface with much lower fees: I paid just 2x $0,37 instead of 2x $2,99: https://imgur.com/a/G5cOy0G
  4. Deposit $100 of crypto to your Gemini account
  5. Trade for at least $100 in cryptocurrency (crypto to crypto or to USD and back) to trigger the bonus
  6. The $10 in BTC will be credited to your account within 1-2 days (usually at night)
  7. You can withdraw your deposit and bonus (no fees)
Full conditions here: https://gemini24.zendesk.com/hc/en-us/articles/360032830371-How-does-the-Referral-program-work-
No fees for up to 10 withdrawals per month: https://gemini.com/fees/transfer-fee-schedule#withdrawal-individual
If you're new to crypto, some extra information:
About stablecoins
Sending cryptocurrencies to and from Gemini
Hope this extra information helps, please let me know if I should add anything :)
submitted by blxyy to beermoneyuk [link] [comments]

$10 free on Gemini crypto exchange (now also using stablecoin)

Gemini is a well-known cryptocurrency exchange from the US, regulated by the New York State Department of Financial Services (NYDFS), so definitely a trustworthy company.
They offer a $10 referral bonus after trading $100 in crypto, which works almost anywhere in the world. With the below steps you should lose max. $1 with the trading so that's $9 profit. There are no fees for withdrawing the crypto to your own wallet.
You can also deposit and trade with a stablecoin (either DAI or GUSD) to avoid any volatility risk.
Steps:
  1. Sign up through this link: https://gemini.com/share/rllvyzf6 non-ref link without bonus: https://gemini.com
  2. Verifieer your identity and address
  3. Tip: send their support a request here with the simple message 'Hi, can I get access to ActiveTrader?' to get access to the ActiveTrader interface with much lower fees: I paid just 2x $0,37 instead of 2x $2,99: https://imgur.com/a/G5cOy0G
  4. Deposit $100 of crypto to your Gemini account
  5. Trade for at least $100 in cryptocurrency (crypto to crypto or to USD and back) to trigger the bonus
  6. The $10 in BTC will be credited to your account within 1-2 days (usually at night)
  7. You can withdraw your deposit and bonus (no fees)
Full conditions here: https://gemini24.zendesk.com/hc/en-us/articles/360032830371-How-does-the-Referral-program-work-
No fees for up to 10 withdrawals per month: https://gemini.com/fees/transfer-fee-schedule#withdrawal-individual
If you're new to crypto, some extra information:
About stablecoins
Sending cryptocurrencies to and from Gemini
Hope this extra information helps, please let me know if I should add anything :)
submitted by blxyy to beermoneyuk [link] [comments]

$10 free in BTC at Gemini exchange (also using stablecoin)

Gemini is a well-known cryptocurrency exchange from the US, regulated by the New York State Department of Financial Services (NYDFS), so definitely a trustworthy company.
They offer a $10 referral bonus after trading $100 in crypto, which works almost anywhere in the world. With the below steps you should lose max. $1 with the trading so that's $9 profit. There are no fees for withdrawing the crypto to your own wallet.
You can also deposit and trade with a stablecoin (either DAI or GUSD) to avoid any volatility risk.
Steps:
  1. Sign up through this link: https://gemini.com/share/rllvyzf6 non-ref link without bonus: https://gemini.com
  2. Verifieer your identity and address
  3. Tip: send their support a request here with the simple message 'Hi, can I get access to ActiveTrader?' to get access to the ActiveTrader interface with much lower fees: I paid just 2x $0,37 instead of 2x $2,99: https://imgur.com/a/G5cOy0G
  4. Deposit $100 of crypto to your Gemini account
  5. Trade for at least $100 in cryptocurrency (crypto to crypto or to USD and back) to trigger the bonus
  6. The $10 in BTC will be credited to your account within 1-2 days (usually at night)
  7. You can withdraw your deposit and bonus (no fees)
Full conditions here: https://gemini24.zendesk.com/hc/en-us/articles/360032830371-How-does-the-Referral-program-work-
No fees for up to 10 withdrawals per month: https://gemini.com/fees/transfer-fee-schedule#withdrawal-individual
If you're new to crypto, some extra information:
About stablecoins
Sending cryptocurrencies to and from Gemini
Hope this extra information helps, please let me know if I should add anything :)
submitted by blxyy to beermoneyuk [link] [comments]

NYDFS Cybersecurity Regulations and What to Do to Comply New York State's Maria Vullo on Regulating Bitcoin The SEC and ICO Regulation BitLicense Will Publish End of October, NYDFS Ben Lawsky Will Keynote Money2020 Early November NYDFS Virtual Currency Hearings, Day 1, Panel 1 - YouTube

On July 21, 2014, the New York Department of Financial Services ("NYDFS") released a groundbreaking virtual currency regulatory framework, becoming the first state to issue comprehensive rules tailored to virtual currency businesses. The proposed framework, which has become commonly known as the "BitLicense," was the long-anticipated product of nearly a year of public hearings and […] None of the coins NYDFS is currently contemplating for preapproval (bitcoin, Bitcoin Cash, Ether, Ether Classic, Litecoin, Ripple, Paxos Standard and Gemini Dollar) are privacy coins. Alternatively, NYDFS has provided a framework for coin-listing policies that asks a BitLicensee to conduct a full risk assessment to include the following: At the time, Bitcoin was fluctuating around $100.” The Mt Gox hack was the trigger for NYDFS to start considering a regulation that would not harm cryptocurrency business but safeguard investor capital. The NYDFS stated that cryptocurrency exchanges and startups were inefficient at managing and safeguarding customer funds. The New York Department of Financial Services (NYDFS) has issued proposed guidance that seeks to update the terms of its crypto license. The agency’s proposals were published on its website on Wednesday, December 11 and come five years since the introduction of the BitLicense.. The BitLicense has been a somewhat controversial license that the regulator introduced in 2015. While the big Bitcoin companies steered clear or meekly complied with the BitLicense – they expect to be repeat players before the NYDFS, of course – Mr. Chino opted to stand and fight. First filing a pro se petition against the regulation, he now has counsel to carry forward what is known as an Article 78 action against the “BitLicense ...

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NYDFS Cybersecurity Regulations and What to Do to Comply

This webinar will discuss what the new regulations are, and what your organization can do to comply. All organizations under New York Department of Financial Services regulation must establish and ... BitLicense Will Publish At The End of October And NYDFS Superintendent Ben Lawsky Will Keynote Money20/20 Early November [UPDATE] If everything goes as scheduled. New York State Department of Financial Services (NYDFS) Virtual Currency Hearings Benjamin M. Lawsky, Superintendent of Financial Services Tuesday, January 2... This is a two-part series covering the regulatory aspects of cryptoassets. To give some background, two of the major federal regulatory agencies in this space are the SEC and CFTC. Broadly ... New York State Department of Financial Services (NYDFS) Benjamin M. Lawsky, Superintendent of Financial Services Tuesday, January 28, 2014 Panel 2 (2:30pm - ...

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