Re: Talking w/ regulators (telecon canceled for this week)

This is great news, Manu.  I very much believe this proactive approach is
the key to success in this arena.



On Tue, Feb 11, 2014 at 2:53 PM, Manu Sporny <msporny@digitalbazaar.com>wrote:

> Telecon for this week is canceled, the backlog of work that we have can
> wait until next week. An update on what's been going on:
>
> I've been spending a lot of time on the phone w/ regulators in all 50 US
> states and at the federal level last week and this week to see how the
> standards were creating here are going to fit into current regulation in
> the US and worldwide.
>
> In general, all of the regulators have been very supportive of the work
> we're doing here and want to help. As a result, we've added a few more
> very prominent figures to the Web Payments workshop. One of them wrote
> much of the money transmission legislation for the US (24+ states) and
> advises many of the international money transmitter associations.
>
> I can't say much more than that right now because we're talking w/ lots
> of lawyers, but the fundamental takeaway is that a good chunk of the
> technology we're creating here will work nicely w/ the regulatory
> framework that's in place in the US as long as we don't do something
> stupid (I'm currently compiling a list of stupid things we could do to
> trigger the ire of regulators) and stay in close communication w/ the
> regulatory agencies.
>
> So, good news on that front. :)
>
> -- manu
>
> --
> Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
> Founder/CEO - Digital Bazaar, Inc.
> blog: The Worlds First Web Payments Workshop
> http://www.w3.org/2013/10/payments/
>
>


-- 
sean safahi | founder, ceo

*e: *sean@yoyocard.com | *p*: 714-906-2387