Section 200.12(a)(1) Records of all parties to a transaction

pmlaw / BitLicense

This is a public version of New York's proposed BitLicense for digital currencies including bitcoin.

Apache License 2.0

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Section 200.12(a)(1) Records of all parties to a transaction #4

Open pmlaw opened 10 years ago

pmlaw commented 10 years ago

Requires names, account numbers and physical address for both parties to every transaction. This is infeasible in practice for any wallet provider. Becomes further impractical for escrowed and multi-party payments or disbursements.