New Hampshire Representative Daniel Tamburello introduced legislation to exempt virtual currency users from Licensing of Money Transmitters. This legislation is similar to the Model Legislation I proposed on this blog in August of last year. Another proposal before the New Hampshire legislature would “requir[e] the state treasurer to develop an implementation plan for the state to accept bitcoin as payment for taxes and fees.” The text of this legislation is not yet available, however, I […]
“We’re not the kind of agency that thinks we have a monopoly on the truth and that we’re always right. We feel strongly about a lot of the provisions in the proposed regulations, but we get that there might be things we can improve.” –Benjamin Lawsky Shortly following the proposed BitLicense, a significant portion of the bitcoin community wrote and signed a letter to the New York Department of Financial Services, pleading for an extension. […]
Andreas Antonopoulos is well known in the bitcoin sphere for his expertise in security and cryptocurrencies. His perspective is always unique and refreshing, and I’m very happy he took the time to chat with me. We ran into some technical issues, but the heart of his explanations remained in tact. We covered a wide variety of topics both technical and philosophical, and even got to take insightful questions from the audience. You can follow Andreas […]
China’s recent aggressions towards bitcoin are foreshadowing how other governments will likely react to the cryptocurrency’s popularity. While it took some by surprise, I think what we are seeing is a clear picture of what happens when the state realizes the threat posed by bitcoin to its own fiat currency. China has in the past, made moves to bolster the yuan as a formidable opponent to the petrodollar. By suggesting pegging the yuan to gold […]
Mordor, affectionately known as Washington D.C., appears to have taken an interest in bitcoin lately. With the price rising rapidly over the past few weeks, sociopaths under the title of “senators” held meetings this week on what to do about this strange, new digital currency. They asked all of the vital questions: How would they tax it? Why would anyone want to use it when there’s the perfectly good dollar still around? Are they tools […]