cryptocoinsnews.com / BY P. H. MADORE / 09/08/2015
The controversial Bitlicense regulations recently passed in New York, spearheaded by former NY Department of Financial Services head Benjamin Lawsky, have stirred up their share of controversy in the Bitcoin community. Erik Voorhees of ShapeShift.io, an exchange that does not facilitate fiat-to-cryptocurrency trades, has compared the regulations to North Korean economics.
However you feel about the Bitlicense, the new paradigm is that cryptocurrency businesses serious about operating in the Big Apple will be forced to play by the rules. Bitstamp has decided that it falls into the “serious” category, as CEO Nejc Kodrič tweeted earlier today: