05 Aug '14, 9pm

New article: Why the proposed New York #bitcoin regulations are absolute, total bullshit #bitlicense

New article: Why the proposed New York #bitcoin regulations are absolute, total bullshit #bitlicense

New York’s Department of Financial Services has presented draft regulations for bitcoin trade that are an absolute heap of bullshit, and that’s even before going into what the proposal actually says. The propsed regulations require a so-called “BitLicense” in order to trade in bitcoin with residents of New York and with everybody else in the world. The problem is, that’s an absolute joke from a legal standpoint, completely ignoring the very concept of a jurisdiction.

Full article: http://falkvinge.net/2014/08/05/why-the-proposed-nyc-bitc...

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