The previous superintendent of the New york city Department of Financial Services (NYDFS) and the developer of the much maligned BitLicense exposed today that he’s not working in the digital currency area.
“I’m doing no work in the digital currency area,” said Benjamin Lawsky at the America Lender Conference in New york city City.
“The policies are clear,” Lawsky discussed. “I can’t work in the Bitcoin space on anything relevant to my work at NYDFS or BitLicense.”
When Lawsky announced in May that he was stepping down, he exposed that he would be launching his own legal consultancy. The New york city Post had actually reported that Lawsky “plans to recommend business on financial matters such as cybersecurity and digital currencies like bitcoin, a new sphere of policy he helped spearhead in New York.”
The last version of BitLicense was launched on June 3 as a way to control the companies. The arguments against it were that it put too high a monetary problem on young startups in the city.
Numerous suggested that Bitcoin businesses may simply leave New york city instead of deal with the hassle. ShapeShift, the company started by Erik Vorhees, announced on CNBC that the business would be leaving New York entirely.
While Lawsky was clear on not working in the digital currency area, he did leave himself a little opening when he said that if he ever does have customers because space, he won’t be able to do anything with regard to BitLicense. According to him, there is a lifetime ban on his capability to deal with companies on BitLicense.
The leadup to the BitLicense had many parties interested, but it was revealed at the conference that the biggest audience seeing the BitLicense statement was from China and Russia.
Photo New America Foundation / Flickr
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