23 Feb '14, 10pm

What We Learned on Reddit: Will New York Squash Bitcoin?

What We Learned on Reddit: Will New York Squash Bitcoin?

On Thursday, New York State's top financial regulator, Benjamin Lawsky, hosted a two-hour "Ask Me Anything" chat on Reddit to provide "a window" into some of his thinking on Bitcoin and other cryptocurrencies. Last month, Lawsky hosted a two-day fact-finding hearing on the topic , and New York State will likely come out with new regulations later this year. "Right now, the regulation of the virtual currency industry is still akin to the Wild West," Lawsky said in his opening remarks at the January 28th hearing. "That lack of regulation is simply not tenable for the long-term." In Thursday's Reddit chat, Lawsky reiterated his view that the government needs to step in to combat illegal uses of cryptocurrencies. He also expressed an appreciation for Bitcoin's potential to drive innovation. For example, when asked what Bitcoin could mean for banking in the developing world, La...

Full article: http://reason.com/blog/2014/02/23/what-we-learned-on-redd...

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Market-Based Reactions to New Bitcoin Regulation

Market-Based Reactions to New Bitcoin Regulation

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#bitcoin

#bitcoin

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$110 million One57 Penthouse, New York:

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Time to act

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These will be mine and they will be my precious.

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