Blockchain Technology Forum to discuss the blockchain future

The Chinese Association for Science and Technology USA-Greater New York (CASTUSA-GNY) is bringing some of the most interesting blockchain project teams on May 13 to discuss dApps and smart protocols.
12 May 2018   942

Some of the most important and interesting blockchain project teams are going to convene at Blockchain Technology Forum on May 13. The event is organized by the Chinese Association for Science and Technology USA-Greater New York (CASTUSA-GNY) and Blockchain Bridge Partners, in partnership with xGoogler Blockchain Alliance and Crypto News Agency. The discussion will concern the innovation of smart protocols and accompanying DApps that provide the decentralization of content publishing, identity, search, and more.

The venue is chosen at the Google NYC offices. The structure of the event is comprised of short presentations from each of the speakers followed by a panel discussion with a networking session at the end of the forum. Among the speakers there will be

  • Nebulas Co-Founder and CTO Robin Zhong;
  • Primas Co-Founder and CTO Gan Lu;
  • Bytom Head of Business Development Juan Ibagon;
  • Achain International Business Director Dane Elliott;
  • uPort Head of Strategy & Operations Danny Zuckerman

To learn more details of the event you can visit the Eventbrite page here.

New York State to Revise BitLicense Granting Terms

At the moment, BitLicense is the most stringent legal framework for the cryptocurrency industry
23 October 2019   7

The terms for granting the so-called BitLicense, the license required for cryptocurrency companies to work in New York State, will be reviewed. This was stated by the superintendent of the New York Department of Financial Services (NYDFS) Linda Lacewell, reports CoinDesk.

BitLicense is considered the most stringent legal framework for the cryptocurrency industry at the state level. In particular, companies are required to receive it for cryptocurrency transactions of New Yorkers, even if they themselves are based in other jurisdictions.

Last year, Kraken, a San Francisco-based exchange, chose not to receive BitLicense, but to completely leave New York. Earlier this year, the Bittrex exchange (Seattle) also left the state without licensing.

This is a good time to take a look, a responsible look and see how our regime is fitting the current market and … what if any adjustments should we think about making to continue to adapt to sort of a changing industry … that’s going to be one of the things that [we do].
 

Linda Lacewell

Superintendent, New York Department of Financial Services

At the same time, she called not to “be too happy” about possible changes in the rules for the cryptocurrency industry.

According to her, the current regulatory regime “works well,” but the industry has changed since 2015, when BitLicense was introduced.

How has the industry grown? Has it matured in any way? And I don’t want to get too specific, but you know, it’s a good time for a second look.
 

Linda Lacewell

Superintendent, New York Department of Financial Services

 Lacewell did not specify when the revision of licensing terms will be completed and what exactly industry participants can expect in the end.

Since the introduction of the license until June 2018, only 6 companies have received BitLicense, but over the past 20 months, after the regulator has softened its position, 16 more companies have been added to their number.