Superintendent Lawsky to Leave the NYDFS and Start Consulting Business; Cato Institute Cries Foul

By May 23, 2015Bitcoin Business

The Wall Street Journal reports that Benjamin Lawsky, the superintendent of the New York Department of Financial Services (NYDFS) who is expected to issue this month a new regulation for digital currency businesses called BitLicense, which has been widely criticized for being unnecessarily strict, will leave the NYDFS in June.

Lawsky said that he will form a consulting business that will include virtual currency advisory services. “[Lawsky] plans to advise companies on financial matters such […]

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