Monday, August 10, 2015

Bitcoin Exchange Kraken: Solidarity with Rival Bitfinex v. Bitlicense

Throughout history, legislation and regulations pertaining thereto have been passed amid significant dissent. The Bitlicense proposal, from start to finish, might serve as a thorough example, leaving out none of the telltale characteristics: a) insular and limited information gathering techniques b) lack of definitive necessity c) unintended consequences (below) Friday, professional trader-friendly Bitcoin exchange Bitfinex announced to clients residing in New York that all remaining deposits would be liquidated to cash at then-market rates on Friday. Fundamentally, Bitfinex expressed dissent concerning the Bitlicense's passage and the new requirements made as a result. Its inevitable conclusion was that its business model […]

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