New York accepting exchange applications

[pungopete468]

We might have a professional NY Bitcoin Exchange by the end of the year...

Does applying for a government permit make a business professional?

It provides legitimacy in the eyes of many very important players. It would certainly make a lot of people feel that the exchange is more "professional" than an exchange without a government permit.

Bitcoin is the red-headed step child... This will be like sending him to College.

[Carlton Banks]

I watched Lawsky at the hearings and saw him like a man open to the future.The right man at the right place at the right time.
So this is good news no matter if short or long term. Period!

Happy violator of the 4th amendment he is.

Seeing as money is speech and everything, and inhibiting people from spending money how they choose to is a 1st amendment violation, doesn't the whole cryptocurrency regulation issue run into a wall of unconstitutionality? Oh no, that's right, only for corporations. Which are people. That have more rights than all the other people? The logic of the whole thing is a little confusing...

[aminorex]

Bit license rule #1:  There are no rules in bit license.
Bit license rule #2:  Since there are no rules there's nothing to stop me from making more rules.