Last night I watched an On Demand episode of The American Experience titled Blackout, which recounted the 1977 power failure in New York City and its lasting impact on city due to widespread looting and destruction. With the power completely out, the operators at Con Ed got to work restoring power using a manual that was last updated after another massive blackout - in 1965.
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In July the New York Department of Financial Services (DFS) proposed comprehensive regulations for virtual currencies including Bitcoin. Under this 40 page proposal, DFS would issue BitLicenses to companies that meet certain criteria. Although BitLicenses would not be required for most merchants or consumers, for most others, a BitLicense will be required for any virtual currency business activity.
How will these regulations impact the Bitcoin industry, and can the industry adapt to these new requirements?
Let's take a look at the major elements of the regulation.
Like many discussion around mobile experience, your top-of-mind thoughts and ideas come not from scientific market research or customer polls, but directly from your own personal experience - in this case, the CEO's most recent "mobile moment".
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