Bitcoin Forum

Bitcoin => Press => Topic started by: LiteCoinGuy on July 17, 2014, 05:51:55 PM



Title: [2014-07-17] CD: New York Reveals BitLicense Framework for Bitcoin Businesses
Post by: LiteCoinGuy on July 17, 2014, 05:51:55 PM
New York Reveals BitLicense Framework for Bitcoin Businesses

http://www.coindesk.com/new-york-reveals-bitlicense-framework-bitcoin-businesses/


i think all in all it seems okay for new york. the rest of the world will give a shit but thats the other part  :)


Title: Re: [2014-07-17] CD: New York Reveals BitLicense Framework for Bitcoin Businesses
Post by: LiteCoinGuy on July 17, 2014, 06:37:23 PM
SuperNintendo speaks:

http://video.cnbc.com/gallery/?video=3000293269&play=1


Title: Re: [2014-07-17] CD: New York Reveals BitLicense Framework for Bitcoin Businesses
Post by: gbooz on July 17, 2014, 06:48:07 PM
New York Reveals BitLicense Framework for Bitcoin Businesses

http://www.coindesk.com/new-york-reveals-bitlicense-framework-bitcoin-businesses/


i think all in all it seems okay for new york. the rest of the world will give a shit but thats the other part  :)
"....Businesses that do not apply within 45 days face criminal prosecution for running an unlicensed digital currency company, the document concludes". Great news for NY  ;) But who cares - that's NY  :) BTC in the rest of the world remains unregulated.  ;D


Title: Re: [2014-07-17] CD: New York Reveals BitLicense Framework for Bitcoin Businesses
Post by: fancy_pants on July 18, 2014, 12:12:10 AM
The government playbook here (as we experienced with medical marijuana in the 80s) is to mandate the license then grant zero licenses.  It says the application fee is non refundable.  Be advised, bitlicense starting to look like a scam.


Title: Re: [2014-07-17] CD: New York Reveals BitLicense Framework for Bitcoin Businesses
Post by: knight22 on July 18, 2014, 02:51:26 AM
These regulations are a real shame for startups and innovation IMO.


Title: Re: [2014-07-17] CD: New York Reveals BitLicense Framework for Bitcoin Businesses
Post by: Bitcopia on July 18, 2014, 03:55:39 AM
The government playbook here (as we experienced with medical marijuana in the 80s) is to mandate the license then grant zero licenses.  It says the application fee is non refundable.  Be advised, bitlicense starting to look like a scam.

Traditional money transmitter licenses are also non-refundable in every state. That's because an application fee is the fee for reviewing and processing an application, and you can un-review an application. Some states do have separate fees, one for applying and one for issuance, however. Remove the tin foil.

In fact, I can't think of any application fees that are refundable. It just doesn't make sense.