Remove USD clause for retained earnings

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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Closed markdavidlamb closed 9 years ago

markdavidlamb commented 9 years ago

Requiring foreign companies to only hold USD denominated investments isn't legal (I am not a lawyer). I think we can all agree to remove that part.

pmlaw commented 9 years ago

I agree, this can simply be removed. So long as no customer funds are at risk I'm not sure what the policy goal of this requirement is.