An Australian man was reportedly extradited to the United States to face trial for conspiracy to engage in narcotics trafficking, computer hacking and money laundering relating to his activities as primary moderator of the Silk Road site.
Department of Financial Services Superintendent Benjamin Lawsky reportedly stated in a speech that the DFS is considering creating a special transitional BitLicense that would allow virtual currency startups meeting certain criteria to operate within a more flexible regulatory framework while their full BitLicense application is under examination. Lawsky indicated that a revised BitLicense proposal will…
District Court for S.D.N.Y.
a. Silk Road 2.0.
Federal investigators arrested Blake Benthall, the alleged founder of the Silk Road 2.0 site, and filed a complaint charging him with conspiracy relating to narcotics trafficking, computer hacking, transferring fraudulent identification documents and money laundering in connection with the sale of illegal goods and services on the site.
b. Shavers Ponzi…
Department of Financial Services (DFS) Superintendent Benjamin Lawsky reportedly clarified in a speech that the proposed BitLicense regulations issued by the DFS are intended to regulate financial intermediaries, and not users, miners or software developers. Lawsky reportedly also stated that the DFS does not intend that BitLicensees will also have to obtain money transmitter licenses,…
District Court, S.D.N.Y
A district judge denied Silk Road founder Ross Ulbricht’s motion to suppress nearly all evidence in the case against him. Ulbricht had argued that the evidence submitted by U.S. prosecutors was obtained as a result of an illegal search of an Icelandic server, and should therefore be suppressed. The judge rejected the motion, based in…
Department of Financial Services Superintendent Benjamin Lawsky stated in an interview that the DFS has received thousands of comments to its proposed BitLicense regulations and expects to finalize the regulations at the end of this year or early next year.