Note from the CEO: Well here we go. Regulation is inevitable, necessary and welcomed for legitimacy BUT here come the regulators (a/k/a Lawyers) to bicker 50K ways to do it. New York has ideas and now California is introducing legislation. Hmmmmm! What will North Dakota do?
"Regulation in the Bitcoin world is a double-edged blade. On one hand, it can bring more legitimacy to cryptocurrency as a whole. Doing so may also increase Bitcoin’s appeal to mainstream consumers. On the other hand, regulation can also kill off innovation in the cryptocurrency space. The Californian version of BitLicense – called AB 1326 – has been revived, and it is looking worse than before.
About a year ago, the state of California started drafting its own Bitcoin regulation. Using the New York Bitlicense as a basis, it quickly became apparent this proposal would nip innovation in the bud. Thankfully, the AB 1326 proposal failed to pass, and numerous veto requests were recorded."
Read Full Article at Fintechist
Stiff Cal Bitcoin Regs
August 9, 2016
« Previous Article
| Next Article »
Login in order to post a comment