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shea256 / proposed-bitlicense-regulations

The Proposed BitLicense Regulations for The State of New York (Thanks to Patrick Murck for the idea + support to convert this to markdown)
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200.4 (5.i): fingerprinting #2

Open gandrewstone opened 10 years ago

gandrewstone commented 10 years ago

New York's own labor laws prohibit fingerprinting as a condition of securing employment. Yet this section of the bitlicense requires fingerprints to obtain the right to do business in virtual currencies (i.e. be employed) in the state of New York. While this bitlicense may qualify as "otherwise provided by law", clearly the intention of the law is to strongly discourage required fingerprinting. And realistically how useful will fingerprinting be for an internet company dealing in immaterial money?

http://codes.lp.findlaw.com/nycode/LAB/7/201-a "Except as otherwise provided by law, no person, as a condition of securing employment or of continuing employment, shall be required to be fingerprinted."

Note that fingerprints, a passport photo and a registration payment is required FOR EVERY EMPLOYEE. Is this required for every employee of other financial services? This is an onerous and expensive requirement for any large international financial company.

markdavidlamb commented 10 years ago

I agree with you completely. Created a pull request for the deletion of individuals and employees from the fingerprinting section. We could remove the fingerprinting requirement entirely if you think that's the way to go.

https://github.com/onenameio/proposed-bitlicense-regulations/pull/8

gandrewstone commented 10 years ago

That's what I think. Its not like perps are going to leave physical fingerprints on a digital currency!