Erik Voorhees on Ben Lawsky’s Bitcoin Firm: “It’s the Very Definition of Crony Capitalism” June 24, 2015 By Kyle Torpey ShapeShift.io CEO Erik Voorhees was recently interviewed by Paul Buitink , Jop Hartog , and Tuur Demeester on the deBitcoin weekly hangout , and he discussed his company’s recent reaction to the finalized BitLicense . Ben Lawsky; Besides New York, the license could have further implications for bitcoin regulations in other American states. It is the first framework of its kind for any state to enact into law ... — Ben Lawsky (@BenLawsky) December 3, 2014. Generally speaking, most of the reviewed comments revealed unanimous opposition regarding the contents of the proposed BitLicense, despite the fact that the idea of a license for regulation of Bitcoin and other cryptocurrencies was highly endorsed by a considerable number of online businesses. Most comments described the proposal as broad in scope ... Lawsky added in his tweet that he expects to have a proposal out in the next week, perhaps two. DFS making good progress on virtual currency regs. Sorry for running slightly behind. Should have proposal out in next week or 2. #bitcoin — Ben Lawsky (@BenLawsky) July 9, 2014 There is no doubt about the fact Lawsky started a virtual currency regulation consultancy firm soon after working as the architect of the first comprehensive body of Bitcoin regulation. Though the accusations are not new, they came to mainstream media for the first time when Marc Hochstein, editor-in-chief of the American Banker, asked Lawsky about the possible conflict of interest in his ... Erik Voorhees on Ben Lawsky’s Bitcoin Firm: “It’s the Very Definition of Crony Capitalism” Read The Full Article On Miningpool.co.uk Lawsky addressed this concern by introducing the most notable development in Bitcoin regulation as of late, the “transitional Bitlicense”. “ The (transitional Bitlicense) would allow small businesses and start-ups to operate within a more flexible framework for a set period of time, during which time tailed examinations would be conducted.
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