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.

Coin Congress: ZipZap Expands in Europe [Press Release]

Coin Congress: ZipZap Expands in Europe [Press Release]

ZipZap , one of the most well known cash transaction networks, has announced their European expansion, offering 34 countries across Europe opportunities to use cash to purchase Bitcoin and other digital currencies. The company has developed strategic partnerships across Europe to provide free sign up, free wallet and free deposits. So, starting today European consumers can purchase digital currencies and pay bills for their relatives or friends in other countries. Following a recent partnership with PayZone in the UK, ZipZap is now accepting both cash and bank transfers from networks such as iDeal, MisterCash, SOFORT, SEPA, GiroPay and many more payment options across Europe.

"ZipZap has a commitment to simplify and democratize payments worldwide," said Simon Nahnybida, SVP business development for ZipZap. "We are now enabling more consumers with the power to easily, safely and securely buy digital currencies at affordable prices using multiple payment options".

"The benefit to consumers is that they will get the best prices while conveniently paying with their preferred method of payment,” added Nahnybida."

In other news, ZipZap recently announced their expansion in Latin America, providing true global payment solutions for Bitcoin and Digital Currencies. Consumers can register online, select the amount they wish to buy and the payment option (cash, bank to bank transfer, or wire transfer). Upon receipt of payment, ZipZap will process the order with one of their exchange partners that offer the best price. At the time of this writing, one Bitcoin is currently hovering around the low $600 area.