Ben Lawsky: Friend or Foe? – Bitcoin exchange script ...

Erik Voorhees on Ben Lawsky's Bitcoin Firm: "It's the Very Definition of Crony Capitalism"

Erik Voorhees on Ben Lawsky's Bitcoin Firm: submitted by kyletorpey to Bitcoin [link] [comments]

Ben Lawsky: Bitcoin Regulation 'Will Separate The Wheat From The Chaff'

Ben Lawsky: Bitcoin Regulation 'Will Separate The Wheat From The Chaff' submitted by kkoolook to Bitcoin [link] [comments]

Ben Lawsky: Bitcoin Regulation 'Will Separate The Wheat From The Chaff'

Ben Lawsky: Bitcoin Regulation 'Will Separate The Wheat From The Chaff' submitted by BTCNews to BTCNews [link] [comments]

Ben Lawsky CoinDesk Interview (Full Text)

CoinDesk: New York extended the comment period for its BitLicense proposal. What were the key factors behind the decision?
Lawsky: We got a request from a number of different companies and individuals, including a large number of companies and individuals that sent a letter together, and certainly when we get a request from people who care deeply about how this regulation turns out, that's a factor, we consider that request and we consider it seriously.
In terms of why we did it, we got the request, but I think it's obvious that we're regulating here in a new area where you really have this very fascinating and complicated collision of regulation and technology, and I think it's vital we get it right.
It's clear from the letters we received and the letters we've gotten, there's a chance that this regulation could be a template that could be used not only in the US but internationally, and I think that gives us an additional responsibility to do our very best to get it right and the best way to get something right is to try and get as many viewpoints as you can when you put a complicated regulatory framework, consider them carefully and make the best decisions possible.
We want to make sure we consider all the potential unintended consequences, we want to make sure we're considering all the intentional consequences and the more we do that, the better the reg is ultimately going to be.
Now, we do want to move relatively quickly still, I think the sooner we get the regulatory framework out there, I think ultimately the better, but we don't need to move so fast that we risk getting something wrong.
I think given the level of interest, given that this is a new area and it's complicated and that it's potentially an international template and given the request for more time, I think an additional 45 days was reasonable. I look forward to getting a lot more comments.
We're not the kind of agency that thinks we have a monopoly on the truth and that we're always right. We feel strongly about a lot of the provisions in the proposed reg, but we get it that there might be things we can improve. The more comments that we get from serious people who care deeply about the future of digital currencies, then i think we're going to take those comments very seriously and we're already working on them in terms of a new revised reg we would put out at the end of October.
CoinDesk: There's been a lot of negative reactions to the proposal, have you been surprised by the community's reaction?
No, not really. I think the most surprising thing has been that certain provisions in the regulation that I think when we drafted it initially that we thought would be pretty clear in terms of the breadth, were read by some much more broadly than we intended.
The reg is intended primarily to financial intermediaries and to the financial service industry. What we saw fairly quickly that certain provisions were being read by software developers as potentially applying to them, and that could have a stifling development on them, if every time you needed to develop a new piece of code, you'd have to go get a license, when we read the reg we were pretty clear that it wouldn't apply to software developers, so we were a little surprised it was read that way, but looking back I can see how if there's a potential that the reg applies to you and you're talking to your lawyers and you don't know, these words are ambiguous, that's something that can occur.
I think accompanying the revisions, we'll do some kind of guidance so people have more clarity as to the breadth of the regs, so software developers aren't going to have to be sitting around wondering if it applies to them - it doesn't, it applies to financial intermediaries.
CoinDesk: You mentioned that you're currently revising the proposal. Can you take us through that process and the work that's being done?
Lawksy: I don't want to get too deep into it. But I think we have a whole group of people lawyers and otherwise, regulators who are going through all the comments we are receiving and putting them into buckets.
Let's say we have six letters we're looking at at one time, there might be the same point made in all six, and you just kind of bucket that and ultimately you have buckets of all the comments and critiques, etc and we go through a process of doing memos and analyses, do those comments make sense, should we make a change, should we not. Some of them might be obvious, like oh we didn't mean that, we didnt' need to say that.
I think some of them we'll have a lot of high-level meetings on, to talk through, well if we make that change, what does it mean, does it have any potentially unintended consequences, does this make the playing field somehow uneven for example and we'll work through that process and we'll put out a revised reg at the end of October. And when we put out a revised reg, if there are material changes, there's an additional 30-day comment period, so they can look at it and say this is a new revised reg, we should tinker here and tinker there
CoinDesk: Do foresee circumstances where you'd need to extend the time window for comment?
I don't right now, but never say never.
We do want to keep this moving on a fairly rapid track, we've already gotten extensive and very good comments in the first 45 days haven't even run fully. So I think an additional 45 days should get us to where we're comfortable and that we've given people enough time to think about the reg and the provisions they care about and give us comment and they have an additional 45 days, if they make changes, we'll get an additional 30 days then, so i feel like that should be more than enough time.
My hope is that we can move fairly rapidly.
CoinDesk: It's the end of October, what's the best-case outlook for bitcoin companies in New York?
We're primarily focused on the reg and getting it right and realizing that were not this agency that thinks it has a monopoly on the truth and if people have smart, good, thoughtful comment and we're going to consider them very carefully, and we're going to try to make this reg as thoughtful and nuanced and balanced and effective as we can.
If we get that right, I think the outlook for virtual currencies in one form or another is quite bright in New York, but we'll have to take it one day at a time.
http://www.coindesk.com/ben-lawsky-bitcoin-regulation/
submitted by thepete_rizzo_ to Bitcoin [link] [comments]

As Requested, I’m Ben Lawsky, Superintendent of the NY Dept of Financial Services, Here for an AMA on Bitcoin/Virtual Currency

Hi Reddit – I’m Ben Lawsky, Superintendent of Financial Services for the State of New York. Thanks to those of you who requested that I do an AMA on the work our agency – the New York State Department of Financial Services (NYDFS) – is doing on oversight rules for virtual currency firms. We'll get started around 12:30pm EST.
PROOF: https://twitter.com/BenLawsky/status/436544922892906496
We’re still in the process of formulating our views on a number of these issues – given that this is an ongoing regulatory process. So I may not be able to provide final or definitive answers to all of the questions you ask. But I’ll do my best to try and provide a window into some of our thinking at this stage. (I may even ask a few questions of my own during the course of the conversation, if that’s okay.) We’re trying to proceed without any prejudgments and solicit a broad range of views on virtual currency. I’m looking forward to a substantive and informative discussion.
As you’ve probably guessed, I’m new to Reddit. So apologies in advance if I violate any posting etiquette. I was also told not to mention something called “Rampart” – whatever that is
For those of you interested in some background on our agency’s work in this area, NYDFS has been conducting an inquiry on the appropriate regulatory guidelines for virtual currency firms for the last seven months. As part of that inquiry, in January 2014, NYDFS held public hearings in New York City on virtual currency. More than 14,000 people from 117 countries tuned into those hearings online, which was not the usual turnout we get!
http://www.dfs.ny.gov/insurance/hearing/vc_01282014_indx.htm
https://twitter.com/BenLawsky/status/428965430842380288
Last week, we also laid out some of our initial thoughts on the path forward for regulators:
http://www.dfs.ny.gov/about/speeches_testimony/sp140212.htm
http://www.youtube.com/watch?v=zhIZd9b2-Qs
Our expectation is that – during the course of 2014 – the information we’ve gathered in our fact-finding effort will allow us to put forward a proposed regulatory framework for virtual currency firms operating in New York. We want to move expeditiously because the sooner we provide some regulatory certainty, the better for the firms that want to know what the rules of the road are. At the same time, we recognize this is complicated stuff and we don’t want to go too fast, make a mistake, and create unintended consequences. Most of all, we want to get detailed feedback from all sides so we can make smart, modern, forward-looking decisions. Thanks to all of you for being here.
UPDATE 2:22 PM EST Sorry I have to run (also -- AMA's are more tiring than I would have expected!). Thanks to all of you for the thoughtful questions and comments. And to those who tipped me Bitcoin, I doubt I'm allowed to accept but appreciate the thought!
I'll try to come back and answer some additional questions later. I can't tell you how useful this is to our regulatory process. With that in mind, I'd like to pose a few questions to you if you'd like to answer them while I'm away from the computer:
(1) What do you personally find as the most useful and/or important current application for virtual currency? (2) Where do you think virtual currency tech is headed in the medium term and long term. (3) Are there particular problems from a consumer perspective you've had in dealing with virtual currency firms that regulators should consider?
EVENING UPDATE I circled back and answered a few more of your questions, but I have to head out for the evening. Thanks again for your thoughtful questions and feedback.
EVENING UPDATE x2 I also recorded a short sign-off video to thank everyone here for their questions and comments http://www.youtube.com/watch?v=qRXVPq16n_c
submitted by BenLawsky to IAmA [link] [comments]

Ben Lawsky, NY Regulator working on Bitcoin agrees to do an AMA

Ben Lawsky, NY Regulator working on Bitcoin agrees to do an AMA submitted by hereC to Bitcoin [link] [comments]

Ben Lawsky gets a bitcoin tip worth $10 on twitter

...from yours truly.
http://imgur.com/VYoe3YL
Via: https://twitter.com/sir_lebowski
submitted by Dude-Lebowski to Bitcoin [link] [comments]

BitPay Asks for Help in Saving Bitcoin from Banker Puppet Ben Lawsky

BitPay Asks for Help in Saving Bitcoin from Banker Puppet Ben Lawsky submitted by gldtalk to dogecoin [link] [comments]

Ben Lawsky on NYDFS Bitcoin Regulations...

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

Ben Lawsky to Deliver Bitcoin Keynote at Money20/20

Ben Lawsky to Deliver Bitcoin Keynote at Money20/20 submitted by Jackieknows to Bitcoin [link] [comments]

Bitcoiner would love to see Ben Lawsky murdered

Bitcoiner would love to see Ben Lawsky murdered submitted by deep_fried_butt to Buttcoin [link] [comments]

Ben Lawsky Warns of ‘Armageddon’ Cyber Attack on Banks, [Bitcoin Sounding Better?]

Ben Lawsky Warns of ‘Armageddon’ Cyber Attack on Banks, [Bitcoin Sounding Better?] submitted by wolfofwallstreetz to Bitcoin [link] [comments]

Ben Lawsky was chief counsel of (bitcoin hater) Senator Charles Schumer in 2011

Ben Lawsky was chief counsel of (bitcoin hater) Senator Charles Schumer in 2011 submitted by anarchystar to Bitcoin [link] [comments]

Cody Wilson - Disband the Bitcoin Foundation - Uses the phrase: "spreading his perfectly bleached asshole for Ben Lawsky back in July." Great Read.

Cody Wilson - Disband the Bitcoin Foundation - Uses the phrase: submitted by stormsbrewing to Anarcho_Capitalism [link] [comments]

With Sheila Bair on the board and a license from Ben Lawsky, itBit opens the first charted US Bitcoin exchange

With Sheila Bair on the board and a license from Ben Lawsky, itBit opens the first charted US Bitcoin exchange submitted by nathanielpopper to Bitcoin [link] [comments]

Cody Wilson - Disband the Bitcoin Foundation - Uses the phrase: "spreading his perfectly bleached asshole for Ben Lawsky back in July." Great Read.

Cody Wilson - Disband the Bitcoin Foundation - Uses the phrase: submitted by stormsbrewing to Bitcoin [link] [comments]

Direct link: Petition to Ben Lawsky of NY "The World is Watching, please limit regulation on Bitcoin" (Please sign)

Direct link: Petition to Ben Lawsky of NY submitted by bruce_fenton to Bitcoin [link] [comments]

Ben Lawsky wants to do an AMA later this week. I am doing one Thursday, 3PM to 12AM. Any chance you could help convince him to schedule before me, so there's someone to clean up the many Bitcoin-related questions he'll leave in his wake?

I don't mean to seem self-serving, but if you'd be interested in helping, I tweeted at him to ask here:
https://twitter.com/BenIsgustatus/435957647339048960
I can speak competently on Bitcoin, and though my AMA is focused towards my particular work (trading cryptocurrency), I'll also be talking about my writing.
I think having someone like me there after him would positively influence the resulting communal discussion on Reddit. If you agree, tweeting in at him would be a big help.
I'm also happy to reschedule to fit him, if necessary, of course. I hope he'll get in touch if that's the case.
submitted by Kerrai to Bitcoin [link] [comments]

Butters buys industrial grade aluminum foil to propose his latest conspiracy theory: Ben Lawsky purposely timing license updates to destroy the great anti-fragile bitcoin

submitted by thebitjoke to Buttcoin [link] [comments]

That'll show 'em. Ben Lawsky tipped a massive $10 on twitter. Bitcoiners bathe in their own smugness.

That'll show 'em. Ben Lawsky tipped a massive $10 on twitter. Bitcoiners bathe in their own smugness. submitted by TulipCoins to Buttcoin [link] [comments]

The one phrase I think of more than any other when thinking about bitcoin. (Especially since Ben Lawsky)

The one phrase I think of more than any other when thinking about bitcoin. (Especially since Ben Lawsky) submitted by successcouncil to Bitcoin [link] [comments]

Nick Owens calls Ben Lawsky a "thoughtful regulator" who wants Bitcoin regs which are not excessive & focused on consumer protection

Nick Owens calls Ben Lawsky a submitted by bruce_fenton to Bitcoin [link] [comments]

Ben Lawsky joined Ripple’s General Counse  New York's Bit License  LiveDayTrader Ben Lawsky releases BitLicense at the BITS Emerging Payments Forum (full video) Ben Lawsky's BitLicense could cost New York Jobs BitLicense Will Publish End of October, NYDFS Ben Lawsky Will Keynote Money2020 Early November BitLicense Proposal Update, Super Ben Lawsky In Da House

Ben will earn my respect, the moment he actually does what the community of honest sincere bitcoin users want him to do. He's hired to protect our interests, not his imagined interests of what would be good for us, and not the interests of NY's banking sector. As it is, he's treating the bitcoin protocol, and by extension its users, like some get-rich-quick money laundering scheme. Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 109. Ben Lawsky, Trojan Horse. Close. 109. Posted by. u/token_dave. 5 years ago. Archived. Ben Lawsky, Trojan Horse. So it's pretty evident now that Lawsky's motive was to appear as ... Ben Lawsky, the former New York Superintendent of Financial Services who spearheaded the BitLicense regulatory framework while in office, has joined startup Ripple's board of directors. Bitcoin News Final Version of BitLicense Is Out. Not Many Impressed. Ben Lawsky’s much awaited BitLicense update in finally out. The final version of licensing regulations for Bitcoin and other ... Ben Lawsky has an opportunity to become a figure in history that was instrumental in launching an economic boom. #bitcoin — BitcoinBreak (@BitcoinBreak) January 28, 2014. Lawsky has earned that ...

[index] [44448] [2411] [41751] [14196] [17504] [22827] [21672] [42440] [9219] [19146]

Ben Lawsky joined Ripple’s General Counse New York's Bit License LiveDayTrader

Are you ready? 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. - The BitLicense ... This video is unavailable. Watch Queue Queue Donate: 1LAYuQq6f11HccBgbe6bx8DiwKwzuYkPR3 “If the ‘BitLicense’ becomes law as drafted, we may be forced to block all New York residents.” -- Jeremy Allaire,... BitLicense Proposal Update, Ben Lawsky In Da House tips: 1FEqW7sQrxqQbVtx3TpYMKYUuLU9CUEfmo Used to love the SNES, good times, favorite games: street fight 2... Charles Hoskinson on Ben Lawsky and Ripple ... Charles Hoskinson on How Cardano ADA is more decentralized than Bitcoin BTC - Duration: 4:41. Crypto ADApter 1,344 views. 4:41. Charles Hoskinson on ...

#