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A French Bitcoiner Argues in New York Court its too early to Regulate Bitcoin

March 7, 2017

Bitcoin.com ------ A Bitcoiner has been suing the New York Division of Financial Services over its ‘Bitlicense’ since 2015, claiming the regulation is too burdensome and precludes many from starting Bitcoin businesses. Bitcoin entrepreneur and French national Theo Chino requested that a New York court grant a request for limited discovery or begin the process to dismiss the case. The request centers on the notion that the definitions of bitcoin between the two parties are too different, and more research is thus needed to better define Bitcoin. According to plaintiff Mr. Chino, the case “cannot be resolved without making further factual determination as to whether Bitcoin is a ‘financial product or service.’” To get more in depth information click on the picture below to read the article.

 

 

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