EXCLUSIVE: Perianne Boring of the Chamber of Digital Commerce Launches Petition and Initiative Against BitLicense [Interview]

EXCLUSIVE: Perianne Boring of the Chamber of Digital Commerce Launches Petition and Initiative Against BitLicense [Interview]

The Chamber of Digital Commerce, also known as the "Digital Chamber" or "DC" for short, is seeking supporters to sign their petition to Benjamin Lawsky, New York’s Superintendent of Financial Services, asking him to extend the comment period on the proposed BitLicense regulations through the end of 2014. The petition states: "An extension is necessary to allow the industry time to formulate proposals that address the NYDFS goals of providing guardrails that do not threaten this nascent technology." Perianne Boring is the founder and President of the newly formed Chamber of Digital Commerce. Opening its doors just a few weeks ago at The North American Bitcoin Conference, the DC is embarking on a bold mission to promote the acceptance and use of digital assets and digital currencies among government and the general public. Just two days before launching, the New York Department of Financial Services (NYDFS) proposed their BitLicense rule and regulations. The Bitcoin community has largely expressed major concerns over the proposed regulations, and Boring has boldly jumped into the debate:

"We did not have plans to get involved with policy initiatives this year, rather the next several months have been dedicated to setting up our office, recruiting membership, and hiring and training staff. However, the New York proposed BitLicense regulations are so important to the future of the industry that the Digital Chamber is getting involved on a grassroots level. "

The DC previously issued a call to action urging the industry to submit comments to the NYDFS. Their user-friendly petition provides an easy way for people to lend their voice in shaping digital currency policy. To see the full interview, please click the following link.

Coin Congress: Chamber of Digital Commerce Urges Industry To Submit Comments on New York’s Proposed BitLicense Regulations [Press Release]

Coin Congress: Chamber of Digital Commerce Urges Industry To Submit Comments on New York’s Proposed BitLicense Regulations [Press Release]

The newly formed Chamber of Digital Commerce finds the New York Department of Financial Services (NYDFS) proposed BitLicense rules and regulations to be severely debilitating to the digital currency industry. Despite Ben Lawsky\'s claims that these proposed regulations are intended to be guardrails to "protect consumers and root out illegal activity -- without stifling beneficial innovation" these rules could potential crush the Bitcoin industry in New York and stifle jobs, investment, and innovation. The Digital Chamber agrees that we need guardrails in these areas, but these proposed regulations are onerous and in many cases simply misplaced, potentially seriously injuring legitimate applications of this valuable emerging area.

“One egregious aspect is that the NYDFS is only giving 45 days to comment, which is severely inadequate to proposed regulations of this scope” said Perianne Boring, President of the Digital Chamber.

The Digital Chamber is calling on the Bitcoin community to submit comments to the NYDFS. Instructions on how to submit comments can be found on the NYDFS website. Earlier this week the digital currency and digital asset communities came together to form the industry’s first trade association, the Chamber of Digital Commerce. Opening its doors this week in the nation’s capital and officially announced at the National Bitcoin Conference in Chicago, the "Digital Chamber" will promote among lawmakers, regulators, policy makers and the public the industry’s goals and its potential to innovate global finance for the benefit of society.