Bitcoin News Mash-Up: BitLicense Revised; Bitcoin Online Market Launched; and More

0
122

Bitcoin News Mash-Up: BitLicense Revised; Bitcoin Online Market Launched; and More

Following are the major Bitcoin news of the day

NYDFS Presents a New BitLicense
Benjamin Lawsky, superintendent of the New York Department of Financial Services, presented the revised version of the Bitcoin regulatory framework – BitLicense. Though it was more of a verbal assurance rather than a full-fledged written document. Lawsky, who was attending a conference in New York, was questioned by the public regarding the ongoing revisions in BitLicense, and the superintendent revealed that they are only planning to regulate financial intermediaries in the next draft, while software developers, miners, loyalty cards and reward programs’ issuers will not need to obtain the license in New York. The ones who purchase and store cryptocurrency, as well as merchants who accept Bitcoin are also exempted.

BitFlyer Associates with PointTown to Allow Bitcoin Payments
The Japanese exchange BitFlyer recently inked a deal with popular reward point service PointTown in order to allow users to charge in bitcoins for the tasks they perform. Thus, those who wins prizes on PointTown, and is looking forward to receive cash in cryptocurrency, will simply be required to sign up with BitFlyer.

Now Buy eBay Gift Cards with Bitcoin
EGifter, one of the two leading providers of online prepaid cards that accepts Bitcoin, just joined eBay cards. This means that, for the first time, people can purchase products on eBay and pay with Bitcoin, Litecoin and Dogecoin, albeit indirectly. It is worth remembering that last month, in an interview with Wall Street Journal, Devin Wenig, President of eBay, said that both eBay and PayPal are open to Bitcoin. “PayPal is experimenting with the cryptocurrency technology and we are likely to do the same.”

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com