APR 23 DIGEST: BitLicense Coming in May, Bitcoin Fax Service Launches
NYDFS Superintendant Benjamin Lawsky has suggested that the BitLicense bill will be finalized by the end of May; a registration-free online faxing service has launched taking payments per fax in bitcoin and more news
New York Department of Financial Services Superintendant Benjamin Lawsky has suggested that the BitLicense bill will be finalized by the end of May; a registration-free online faxing service has launched taking payments per fax in bitcoin and more top new stories for April 23.
BitLicense coming ‘by the end of May’
Speaking during a Dow Jones risk and compliance meeting, New York Department of Finance Superintendant Benjamin Lawsky has suggested the controversial BitLicense bill will be finalized at the end of May. Some commentators believe this suggest that the regulations may be a simplified version of the earlier draft bills. Lawsky:
“We’re going to see how this all shakes out. I think there’s room for federalism, but at the same time if you have a whole series of different rules and it becomes a crazy quilt patchwork that can get hard to comply with.”
Bitcoin fax service launches
Allowing users to send a PDF document as a conventional outbound fax without registering for an account, BitcoinFax is hoping to take a slice out of the strangely still-existent fax market. Helping those still in need of sending a fax, the service requires no monthly fees and takes a per-fax-sent payment in bitcoin. Reddit user Vswr has been testing it out:
Major UK payment processor working towards accepting bitcoin
Working alongside BitcoinPayGate.com, UK payment processor NorthPayments stated that it is looking to add bitcoin to its roster of 220 existing payment options. Serving over 20,000 merchants, the move could make the digital currency more relevant and spendable for many online shoppers. CTO, Mark Tillotson:
“We are continuing innovation and are forward thinking. BitCoinGate is a strategic partnership."
Netki announces plan to replace BTC addresses with wallet names
Envisioning a simpler way in which digital currency users can remember and give out their wallet address, Netki is working towards a solution mixing the NameCoin blockchain and a secure DNS lookup service. The combination of these two means compatible wallets could be sent funds through address such as wallet.username.bit.
“Netki’s solution works on a deceptively simple premise. Just as Domain Name Servers made the Internet more “human-friendly” by translating domains like www.google.com into a leng