Yesterday, the Obama administration announced new guidelines allowing the banking industry to do business with legal marijuana sellers. While this is clearly a game changing moment for the mainstream financial sector, the implications for the growing Bitcoin market will also be significant. To understand why, it’s worth remembering that Bitcoin first entered the mainstream consciousness…
Ben Lawsky from New York’s Department of Financial Services made headlines yesterday after outlining his state’s plan for regulating Bitcoin, but his other comments about the cryptocurrency that may be more interesting. Speaking at Future Tense in Washington, DC, Lawksy weighed in on the recent price drops caused by the “transaction malleability” glitch. “I think…
Speaking at a technology conference in Mumbai yesterday, new Reserve Bank of India governor Raghuram Rajan spoke at length about Bitcoin’s future in India. While not altogether supportive of the cryptocurrency movement, Rajan’s presentation was far from the gloom and doom of RBI’s warning-laden Bitcoin statement in December. Rajan’s comments (reported by Techcrunch) were given…