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Published on Jul 25, 2014
Thoughts on Ben Lawsky and his proposed Bitcoin ban.
Ben Lawsky of the New York Department of Financial Services NYDFS has proposed some very onerous and extreme regulations surrounding Bitcoin which amount to essentially a ban on ideas, technology, innovation and jobs in one of the hottest and fastest growing sectors of investment.
It is key to be honest about these proposed laws and regulations and ask what the moral authority and even legal authority of Ben Lawsky is in this new area.
Lawsky is unelected and has no mandate to overstep in this manner.