BitLicense Creator Is Back, This Time With a $140 Million Bitcoin Fund

2020-5-15 17:58

It has been revealed that the architect of the controversial BitLicense, Benjamin Lawsky, may have leveraged his position as a lawmaker to help serve a Bitcoin fund.

Bitlicense Has Its Benefits

A recent SEC filing revealed Lawsky is now part of a $140 million Bitcoin fund, which is also using the BitLicense. In the SEC filing of the fund, NYDIG ASSET ADVISORY LLC is listed as the fund’s general partner.

Ben Lawsky is listed as an elected manager and controlling person of the advisory.

Lawsky has direct links with NYDIG ASSET ADVISORY LLC.

New York-based crypto companies

It’s still mostly unclear whether the newly revealed fund has been a genuine conflict of interest.

This is rich. The guy who invented the BitLicense is granted a BitLicense and launches a $140 million bitcoin fund. https://t.co/JlJgJMysKo

— Mike Dudas (@mdudas) May 12, 2020

Lawsky was previously accused of generating consulting work for himself by issuing controversial regulations for virtual currency firms before leaving his post at the New York Department of Financial Services (NYDFS). At that time, he said:

“The rules are very clear. If anyone… said ‘I want to hire you to help get a BitLicense from DFS,’ no can do.”

But his close association with firms using BitLicense suggests otherwise. 

Lawsky helped architect the controversial BitLicense aimed to regulate New York-based crypto companies in 2015. This regulation made it difficult for many crypto-related businesses to operate in the state. 

Exchanges like Bitfinex and Kraken have since barred New Yorkers from using their services due to the BitLicense. Many other companies did the same.

Two years after creating the BitLicense, Lawsky began offering regulatory assistance via his company called The Lawsky Group. He advertised his services explicitly to crypto startups. 

The post BitLicense Creator Is Back, This Time With a $140 Million Bitcoin Fund appeared first on Crypto Briefing.

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bitlicense bitcoin fund million 140 creator back

Источник: cryptobriefing.com

bitlicense bitcoin → Результатов: 86


Связанный с создателем BitLicense биткоин-фонд привлек $140 млн

Инвестиционный фонд NYDIG Bitcoin Yield Enhancement под управлением компании NYDIG Asset Advisory за неделю до халвинга привлек $140 млн от трех аккредитованных инвесторов. Об этом сообщает Forbes. Обладатель BitLicense с 2018 года в форме «D» для Комиссии по ценным бумагам и биржам США (SEC) сообщил о том, что старт продаж был дан 5 мая. Фонд […]

2020-5-14 11:50


New York DFS grants BitLicense to Seed CX to provide service to institutions

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceFinancial Services Superintendent Linda A. Lacewell announced today that the New York State Department of Financial Services (DFS) has approved the applications of Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC for virtual currency licenses, and has approved Zero Hash for a money transmitter license.

2019-7-15 19:42


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Bitstamp USA Becomes Nineteenth Firm to Receive BitLicense

The New York Department of Financial Services (NYDFS) has granted its nineteenth BitLicense to Bitstamp USA, a subsidiary of Bitstamp, the department announced on April 9, 2019. New Members In the first quarter of 2019, several firms were granted the coveted virtual currency license from New York state’s financial regulator, popularly called the BitLicense.

2019-4-10 18:11


Фото:

NY Regulators Issue BitLicense to Company With 88 Bitcoin ATMs

The New York State Department of Financial Services (NYDFS) has granted yet another Virtual Currency License (BitLicense) to one more NY-based bitcoin ATM company. Cottonwood Vending Gets the Green Light In a tweet on the official page of the NYDFS, the regulator announced that it has granted a BitLicense to Cottonwood Vending LLC, a Bitcoin ATM company in New York.

2019-2-1 13:00


Фото:

New York Financial Watchdog Grants BitLicense to Robinhood Crypto-Exchange and LibertyX

Robinhood Markets Inc. ,  a U. S. -based financial services firm that claims to offer clients no-fee stocks and cryptocurrency trading and LibertyX,  a platform that makes it easy for people to buy bitcoin with cash via its Bitcoin ATMs, have both been granted the BitLicense by the New York Department of Financial Services (DFS),  according to a … Continue reading "New York Financial Watchdog Grants BitLicense to Robinhood Crypto-Exchange and LibertyX"Read More.

2019-1-26 22:00


Фото:

New York Regulator Issues BitLicense to NYDIG For Custody and Trading

New York State Department of Financial Services (NYDFS) has approved cryptocurrency-related company NYDIG’s application for a digital currency license and a money transmission license. Bitcoin Custody Approved in New York State The NYDFS has formally authorized cryptocurrency-related company NYDIG to offer secure custody as well as trade execution services for several virtual currencies including Bitcoin Cash, Ether, XRP, and Bitcoin.

2018-11-15 17:00


Финансовый регулятор штата Нью-Йорк выдал еще одну BitLicense

Управление финансовых услуг штата Нью-Йорк выдало лицензию BitLicense инвестиционной компании New York Digital Investment Execution (NYDIG Execution), сообщает официальный сайт ведомства. Компания получила разрешение работать с пятью криптовалютами: биткоин (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) и Litecoin (LTC).

2018-11-15 13:10


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