7/18/14 – Reactions to NY’s BitLicense, Dell accepts Bitcoin, & ‘Get Bits’ on Facebook with BitPay

Since the release of the New York Department of Financial Services’ much-anticipated BitLicense requirements, the bitcoin community has begun sharing their widely varying reactions. Many are dissatisfied with the large amount of added legal overhead and reporting that bitcoin businesses will be required to do. As prominent Bitcoin entrepreneur Roger Ver told Wired magazine, “These men calling themselves government are not asking anybody to do anything. They are making demands, and will put us behind bars if we don’t obey.” However, others in the community are more confident in the new rules. As New York-based exchange itBit’s CEO Charles Cascarilla says, “We believe this framework is important for the ecosystem to operate in a compliant and tru