31 Oct '16, 8am

New York's bitcoin hub dreams fade with licensing backlog - CNBC

As the market has grown, financial centers around the world have competed aggressively to attract new business. While some have relied on light-touch regulation, the appeal of New York's BitLicense was that it offered a clear legal framework. However, the slow licensing process and strict requirements are driving some companies away. An application costs $5,000 to file, and once completed, can run 500 pages - including everything from compliance manuals to executives' fingerprints, lawyers said. Regulators then drill deeper, asking for details of business models, organizational charts or ownership information. BitLicense forces companies to "extract personal, private information" from users, creating a target for hackers, Erik Voorhees, chief executive of Switzerland-based virtual currency firm ShapeShift.io, said in an interview, explaining the company's decision not to d...

Full article: http://www.cnbc.com/2016/10/31/new-york-bitcoin-hub-dream...

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New York's bitcoin hub dreams fade with licensi...

reuters.com 31 Oct '16, 8am

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopt...

New York's bitcoin hub dreams fade with licensi...

reuters.com 31 Oct '16, 8am

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopt...

New York's bitcoin hub dreams fade with licensing backlog

New York's bitcoin hub dreams fade with licensi...

yahoo.com 31 Oct '16, 5am

NEW YORK (Reuters) - New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin w...

New York's bitcoin hub dreams fade with licensing backlog

New York's bitcoin hub dreams fade with licensi...

reuters.com 31 Oct '16, 5am

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopt...

New York's bitcoin hub dreams fade with licensi...

reuters.com 31 Oct '16, 5am

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopt...

New York’s Bitcoin Hub Dreams Fade With Licensi...

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(Reuters) – New York’s financial regulator had sights set on becoming a global hub for innovations like bitcoin when it ad...

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