Former Bitcoin Regulator Turns Blockchain Advisor

Former Bitcoin Regulator Turns Blockchain Advisor

Former New York regulator Benjamin Lawsky, who oversaw what many consider the most restrictive state bitcoin regulation known as BitLicense, now works as a counsel and media liaison for Axoni, a blockchain technology firm that uses blockchain in settling derivative transactions, according to Reuters.

Benjamin Lawsky

Benjamin Lawsky

Lawsky said he intended to start a consulting business when he announced his departure from the New York Department of Financial Services last spring, CCN reported. As a regulator, Lawsky had a reputation for consistently pushing for larger fines and stricter rules.

Lawsky’s firm, the Lawsky Group, plans to represent other blockchain clients. A member of the team is Matthew Anderson, who was a spokesman for the New York Department of Financial Services when it was developing the BitLicense.

“We’ll be doing a broad range of financial consultancy … and some financial technology public relations,” said Anderson.

The Lawsky Group website says the firm provides counsel on financial services regulation, cybersecurity,

Read more ... source: TheBitcoinNews

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