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& quot; Clear violation & quot; New York authorities challenged on SegWit2x BitLicense Rule-breaking

SegWit2x will result in cryptocurrency companies operating in New York to break the rules BitLicense "no matter the outcome" of the hard range .

An email sent to the New York Department of Financial Services (NYDFS) this week is causing more controversy over the division of the channel scheduled for November, accusing lawmakers of failing to meet their legal obligations.

"[…] NYDFS apply the provisions of the virtual currency license (" bitlicenses ") on entities that are licensed and other entities that operate unlicensed virtual money businesses in the 39, New York State, "he declares.

" Several Bitlicensed entities conduct activities in flagrant violation of Bitlicense codes, rules, and regulations. "

" No matter what the result , violations will occur "

specific reference to the signatories of NYA Xapo, Genesis Global Trading, and Bitfury, the author David Anderson suggests that the violation of the rules BitLicense is certain, regardless of the How SegWit2x Happens.

"At a minimum, the parameters of the New York Accord will burden the virtual currency stored by the licensees by undermining the ability of users to withdraw their virtual currency, "he continued.

"More likely, however, the New York Accord will create a completely new type of virtual currency, different from the virtual currency originally stored by the licensees." The original virtual currency type stored the signatories will become interoperable or will cease to exist, regardless of the outcome, violations of Article 200.9 (b) and / or c) will occur. "

Legal aspects of the Bitcoin fork have rarely been the subject of public debate, with Peter Todd's interesting: legal argument that the NYA / 2X signatories aim to control a cryptocurrency, which is regulated by Bitlicense.

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– Peter Todd (@petertoddbtc) October 27, 2017

Not everyone was convinced, however, with the lawyer Blockchain Marco Santori describing the arguments of Anderson as "stupid and not interesting"

In Europe, an equally unpopular idea came from the founder of the Finnish Pirate Party, Rick Falkvinge, who suggested that if 2x failed, the miners would have to give up Already active implementation of SegWit on the Bitcoin network

"There must be no broad support. It is simply necessary to have the honor to return to an agreement that has not been respected, "he added.