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Benjamin Lawsky, the outgoing superintendent of the New York Department of Financial Services, announced Wednesday the release of the department’s final BitLicense, which is a framework for regulating digital currency companies. As the Wall Street Journal reported, the BitLicense...

New York State Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky announced Thursday his department has granted a charter under the New York Banking Law to itBit Trust Company, LLC – a commercial Bitcoin exchange based in New York City. The company is the...

On December 18, Benjamin Lawsky, superintendent of the New York State Department of Financial Services (NYDFS), announced revisions to the proposed special banking license – known as BitLicense – that his department introduced in the summer to regulate cryptocurrency. In a speech...

Today, I’m going to use my thousand words to talk about just one sentence. At his speech at Cardozo law school back in October, NYDFS Chairman Benjamin Lawsky said this about the proposed (rather severe) BitLicense regulations on Bitcoin traffic. “When it comes to safeguarding...

Benjamin Lawsky, superintendent of the New York State Department of Financial Services (NYDFS), announced Sunday that his department may grant transitional licenses to small digital-currency companies and startups to let them grow before facing the full burden of new rules,...

In a speech a few nights ago at Cardozo law school, Benjamin Lawsky, superintendent of the NYDFS and official most directly responsible for the proposed “BitLicense” regulation that we’ve written about previously, did his best to dispel concerns about the upcoming regulations....

Benjamin Lawsky, Superintendent of the New York State Department of Financial Services (NYDFS), announced Tuesday evening several changes he will make to the proposed special banking license – known as BitLicense – that his department introduced in July to regulate digital...

Way back in mid July, the New York Department of Financial Services (NYDFS) rolled out an initial draft of their proposed regulation on Bitcoin, much to the dismay of the community. Ben Lawsky, superintendent of the NYDFS, engaged with Reddit and the Bitcoin community to get...