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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Deleting Satoshi clause #7

Open markdavidlamb opened 9 years ago

markdavidlamb commented 9 years ago

Issuing virtual currency should not be a licensed activity. Centralised virtual/digital currencies (such as fiat currency) can be licensed, but issuing a new decentralised digital currency should not be a license-able activity, as the issuers have no control over how the currency is used and cannot keep a register of users or active/ongoing AML policy on all users of the decentralised virtual currency.