BitLicense Regulations Create Groundbreaking Hurdles

June 4, 2015

Gibson Dunn partners Judith Alison Lee, Arthur Long, and Alexander Southwell, of counsel Jeffrey Steiner, and associates Stephenie Gosnell Handler and Zachary Wood are authors of the attached article recently published by Law360.  They discuss the hurdles and rigorous requirements created by the New York Department of Financial Services’ recently released "BitLicense" regulation, the final version of its framework for regulating digital currency firms. 

BitLicense Regulations Create Groundbreaking Hurdles (click on link)

Judith A. Lee is co-leader of Gibson Dunn’s International Trade Practice Group based in Washington, D.C.  Arthur S. Long is co-leader of the firm’s Financial Institutions Practice Group based in New York.  Alexander H. Southwell is co-leader of the firm’s Privacy, Cybersecurity and Consumer Protection Practice Group and a former cybercrimes federal prosecutor in New York.  Jeffrey L. Steiner is a derivatives regulations counsel in the Washington, D.C. office.  Stephenie Gosnell Handler practices in the firm’s corporate transactions department and is a member of the International Trade Group in Washington, D.C.  Zachary Wood practices in the firm’s litigation department in the Palo Alto office.   

¬© 2015, Law360, June 4, 2015.  Reprinted with permission, 2003-2015, Portfolio Media, Inc.