We are going to learn more about and discuss the emerging NC legislation that would regulate Bitcoin and Bitcoin 2.0 technology. Some Bitcoin advocates may view this with alarm because the bill may significantly limit participation of Bitcoin Money transmitters. This new version of the Money Transmitters Act is written for traditional financial institutions like banks, and it may not apply very well to a digital currency like Bitcoin.
Come hear about the issues and help determine what advocates might do in response to the implications of this legislation. The agenda for the meeting is:
• Networking time starting at 6:30
• Panel discussion starting at 7:00 with:
President & Founder, Chamber of Digital Commerce
-Katherine Bosken, JD
Bank Supervision Attorney, North Carolina Office of Commissioner of Banks
-Arika Pierce, JD
Principal & Federal Lobbyist, Gide LLC
Legislative Analyst & North Carolina Lobbyist, The C.G. Emanuel Group, LLC
Regulatory Affairs Committeeman, The Bitcoin Foundation
- ... Several other participants that will help answer questions and add further perspective
• Open discussion at 7:40
• Roundtable discussions on forms of advocacy at 8:00
For more background, see the following resources:
• Senate Bill 680 (http://www.scribd.com/doc/271593236/S-B-680) for the entire bill that has passed the house and has cleared the Commerce committee in the senate.
• NC Law Review (http://www.nclawreview.org/2015/01/virtually-possible-how-to-strengthen-bitcoin-regulation-within-the-current-regulatory-framework-2/) perspective on the basics on how bitcoin might be regulated.
• Regulation Tracker (https://coincenter.org/2015/06/state-digital-currency-regulation-tracker/) for an up-to-date status of what other states are doing about Bitcoin regulation.
• Recent Bitcoin Magazine (https://bitcoinmagazine.com/21265/north-carolina-senate-committee-supports-bill-regulate-bitcoin-coin-center-responds-feedback/) article on perspective of NC's bill.
• The NC Commissioner of Banks (http://www.nccob.org/Public/FinancialInstitutions/MT/MoneyTransmittersMain.aspx) website that has the Virtual Currency Corner featuring numerous articles on digital currency.
Please join us for this very informative and what will prove to be a lively Meetup.