Benjamin Lawsky, Department of Financial Services – Money 2020

Speaking why Bitcoin matters and what it can offer in the future. Some highlights from the talk:

  • Much cheaper fees
  • Frictionless transactions all over the world, even in countries without modern banking
  • Far less potential for identity theft

It’s pretty amazing

It will be a benefit for all of us

Virtual currencies can of course be abused, that is of course true with our traditional banking system

Benjamin also talked about the bitlicense for startups

There has to be a way for startups to startup, creating a special transitional bitlicense, a flexible framework for a limited time without weaver consumer risk and money laundry.


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