Bitcoin Forum

Bitcoin => Press => Topic started by: freedomno1 on January 29, 2014, 04:44:56 AM



Title: 2014-01-28 Bitcoin : Yesterday's Arrest Shows The Laws On The Books Work Fine
Post by: freedomno1 on January 29, 2014, 04:44:56 AM
http://www.businessinsider.com/new-york-bitcoin-hearings-wrap-2014-1

It is no longer a question of if but how New York plans to regulate virtual currencies.
Luckily for their most passionate evangelists, the head of the state's financial regulatory body believes they could hold great promise, despite their evident potential for facilitating crimes.

Following the first of two days' worth of hearings on how state law might treat Bitcoin, Litecoin and their digital cousins, New York Department of Financial Services Superintendent Benjamin Lawsky admitted to reporters he'd initially been quite wary of them, but that he's since come around to their possible usefulness.


Title: Re: 2014-01-28 Bitcoin : Yesterday's Arrest Shows The Laws On The Books Work Fine
Post by: patricktim on January 29, 2014, 04:58:24 AM
Will he get a fine or go to jail?


Title: Re: 2014-01-28 Bitcoin : Yesterday's Arrest Shows The Laws On The Books Work Fine
Post by: freedomno1 on January 29, 2014, 05:13:34 AM
Will he get a fine or go to jail?

Not the correct question this was a press post from the New York City Regulators

Part 1 Video
NYDFS Public Hearing on Virtual Currencies, Panel 1
http://www.youtube.com/watch?v=aPXBdJtJPsg
Part 2 Video
New York Public Hearing on Virtual Currencies, Panel 2
http://www.youtube.com/watch?v=4OEJiWhCOEk


Title: Re: 2014-01-28 Bitcoin : Yesterday's Arrest Shows The Laws On The Books Work Fine
Post by: BTCIndia on January 29, 2014, 07:41:05 AM
Will he get a fine or go to jail?

Not the correct question this was a press post from the New York City Regulators

Part 1 Video
NYDFS Public Hearing on Virtual Currencies, Panel 1
http://www.youtube.com/watch?v=aPXBdJtJPsg
Part 2 Video
New York Public Hearing on Virtual Currencies, Panel 2
http://www.youtube.com/watch?v=4OEJiWhCOEk


Thanks a lot for sharing video with us. Much appreciated!


Title: Re: 2014-01-28 Bitcoin : Yesterday's Arrest Shows The Laws On The Books Work Fine
Post by: TheButterZone on January 30, 2014, 03:19:10 AM
They work fine at enabling persecution of victimless actions that wouldn't be crimes under a system of government that actually respected human rights instead of being totalitarian.