Former NY financial watchdog counters criticism on bitcoin work

NEW YORK Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin group that he might have generated consulting work for himself by issuing controversial laws for digital foreign money companies earlier than he left his submit.

Lawsky, who departed final month as superintendent of the New York Department of Financial Services, began his personal agency to advise corporations on regulation and different issues.

In his first public look since his transition, the outspoken former regulator was interviewed at a digital foreign money convention in Manhattan.

Marc Hochstein, editor-in-chief of the American Banker, requested Lawsky concerning the attainable battle of curiosity in his issuing laws governing bitcoin on June three. New York was the primary state to take action.

“To clear the air,” Hochstein requested, “what would you say to somebody who would assume that perhaps you constructed your self a revolving door?”

Lawsky responded…

Originally appeared at: