Donate: 1LAYuQq6f11HccBgbe6bx8DiwKwzuYkPR3
“If the ‘BitLicense’ becomes law as drafted, we may be forced to block all New York residents.” -- Jeremy Allaire, CEO, Circle
http://www.logicoins.org/circle-bitlicense-would-force-us-to-block-new-york-customers/
“New York’s proposed BitLicense is the wr...
Here's a summary of the 2014-10-05 Moneybomb episode, "Ben Lawsky's BitLicense could cost New York Jobs":
1. Main Topics Discussed:
- New York's BitLicense: The primary focus is on Ben Lawsky's proposed BitLicense regulation for Bitcoin businesses in New York.
- Job Loss Concerns: The episode argues the BitLicense will drive businesses and jobs out of New York.
- Regulation Critique: The regulation is deemed to be poorly conceived ("putting the cart before the horse") and harmful to consumers.
- Potential Block: The possibility of blocking New York residents from services due to the BitLicense is raised.
- Call to Action: The episode encourages donations to a committee opposing the BitLicense.
2. Key Quotes:
- "Ben Loskey and his controversial bit license wants to chase jobs away."
- "It's bad for jobs. It's bad for business. It's bad for New York."
- "New York's proposed bit license is the wrong form of regulation and poses a threat to consumers."
3. People Mentioned:
- Ben Lawsky (New York State Superintendent of Financial Services)
4. Bitcoin Price:
- The Bitcoin price is not mentioned in the transcript.
This episode appears to be a strongly worded critique of the BitLicense, portraying it as detrimental to New York's economy and its citizens.