29 Jul '15, 12am

Former NY financial watchdog counters criticism on bitcoin work - Reuters

Former NY financial watchdog counters criticism on bitcoin work - Reuters

NEW YORK Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community that he may have generated consulting work for himself by issuing controversial regulations for virtual currency firms before he left his post. Lawsky, who departed last month as superintendent of the New York Department of Financial Services, started his own firm to advise companies on regulation and other matters. In his first public appearance since his transition, the outspoken former regulator was interviewed at a digital currency conference in Manhattan. Marc Hochstein, editor-in-chief of the American Banker, asked Lawsky about the possible conflict of interest in his issuing regulations governing bitcoin on June 3. New York was the first state to do so. "To clear the air," Hochstein asked, "what would you say to someone who would think that maybe yo...

Full article: http://www.reuters.com/article/2015/07/28/us-lawsky-criti...

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Former NY financial watchdog counters criticism...

reuters.com 28 Jul '15, 11pm

NEW YORK Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community tha...

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