28 Jan '14, 8pm

Bitcoin Investors Ask For 'Safe Harbor' Exceptions In Proposed 'BitLicense' Regulations

Bitcoin’s reputation may have been bruised by its connection to the Silk Road black market and Monday’s indictment of Bitcoin Foundation vice chairman Charlie Shrem . But a panel of Bitcoin-focused investors argued to New York financial regulators Tuesday that Bitcoin’s criminal use is the exception rather than the norm, and that it’s still possible to regulate the digital currency deftly enough to avoid suffocating its potential as a new means of seamless online transactions. “The vice phase is in the rearview mirror,” Union Square ventures principal partner Fred Wilson told the New York Department of Financial Services panel. “Are people still doing bad things with Bitcoin? Sure. Is the majority of activity with Bitcoin vice? Not a chance.” Wilson went on to suggest a kind of “safe harbor” in proposed Bitcoin regulations, which New York regulators had previously floated ...

Full article: http://www.forbes.com/sites/andygreenberg/2014/01/28/bitc...

Tweets

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environmental regulations

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dealbook.nytimes.com 29 Jan '14, 9pm

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