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Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong

Thursday 21st, August 2014 / 15:55
Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong

ben lawsky, NYDFS

The New York Department of Financial Services (NYDFS) announced today it would extend the comment period for its proposed bitcoin regulations by 45 days, citing significant public interest in the rules as a key reason behind the decision.

In a new interview with CoinDesk, NYDFS superintendent Benjamin M Lawsky opened up about the decision, emphasizing that he felt the extension both necessary and reasonable given his agency’s need to ensure that the proposed laws, when enacted, have the desired consequences.

Continue reading at CoinDesk

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THE BITCOIN MAGAZINE MISSION Bitcoin Magazine is on a mission to be the most accurate and up-to-date source of information, news and commentary about Bitcoin and crypto-currencies. The magazine reaches hundreds of thousands of readers every month by covering current events in business, technology, politics, law and society with a wide variety of viewpoints and opinions from authors and guests in an attempt to provide enlightening commentary that is accessible to new Bitcoin users as well as news and insights the veteran users will find valuable. We desire to work with the Bitcoin community to help support and grow this tremendous technological and financial innovation that empowers each one of us to manage our own economic relations with greater control.

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