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What the First BitLicense Shows Us About Bitcoin Regulation
New York State's issuance of the first BitLicense to Bitcoin wallet company Circle Internet Financial, while a milestone for Bitcoin regulation, also illustrates how bumpy this journey will be.
On the one hand, government officials are no longer trying to ban Bitcoin. But in trying to solve one problem, regulations often create new ones, as we've seen with the BitLicense.
Here's what's good - and bad - about the New York BitLicense...
New York State's issuance of the first BitLicense to Bitcoin wallet company Circle Internet Financial, while a milestone for Bitcoin regulation, also illustrates how bumpy this journey will be.
On the one hand, government officials are no longer trying to ban Bitcoin. But in trying to solve one problem, regulations often create new ones, as we've seen with the BitLicense.
Here's what's good - and bad - about the New York BitLicense...