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| July 17, 2018

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Florida man warns about saltwater poisoning after dog dies days after beach trip

July 14, 2018 |

A Florida man is warning pet owners to keep a close eye on their dogs this summer after a routine trip to the beach led to the freak death of his beloved black Labrador Retriever, O.G, this week.
FOX News


Chris Brown Arrested in Assault Case After Florida Concert

July 6, 2018 |

Chris Brown hopped off the stage and into a police cruiser after cops arrested him following a concert in Florida. Brown had a show at the Coral Sky Ampitheatre in West Palm Beach Thursday where several officers were waiting in the wings — and…

Florida CFO Advocates Creation of State “Cryptocurrency Chief”

July 5, 2018 |

Florida CFO Advocates Creation of State “Cryptocurrency Chief”

The Florida Chief Financial Officer (CFO), Jimmy Patronis, has issued a statement calling for Florida’s government to create the post of “cryptocurrency chief” to provide greater oversight to the state’s emerging digital currency sector.

Also Read: Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan

Florida CFO Advocates Creation of Government Post Overseeing Crypto

Florida CFO Advocates Creation of State “Cryptocurrency Chief”
Jimmy Patronis

Jimmy Patronis has issued a statement urging Florida’s lawmakers to create a new governmental post tasked with overseeing the state’s cryptocurrency industry.

The “Cryptocurrency Oversight Initiative” has received support from Florida Senate President-Designate Bill Galvano, who stated “ As technology continues to develop, our state needs to be both on the forefront of emerging trends and ahead of the game when it comes to protecting consumers from those who want to scam our residents. I applaud CFO Patronis for putting innovative proposals forward and will work with him on any forthcoming policy changes.”

Mr. Patronis said: “Florida can no longer remain on the sidelines when it comes to cryptocurrency. I have directed my office to create a position that will oversee how current securities and insurance laws apply to Initial Coin Offerings (ICOs) and cryptocurrencies as well as shape the future of these regulations in our state.”

“ICO and cryptocurrency companies based in Florida will also be required to register with the Office of Financial Regulation (OFR) under the supervision of the cryptocurrency chief. The new position will coordinate the efforts of OFR and Office of Insurance Regulation (OIR) regarding the development of policy, legislation, and regulation,” Mr. Patronis continued.

CFO Urges Florida to Develop “Comprehensive” Regulatory Response to Cryptocurrency

Florida CFO Advocates Creation of State “Cryptocurrency Chief”Mr. Patronis argues that Florida must develop a “comprehensive and balanced” regulatory framework, emphasizing the need to protect citizens from malicious actors seeking to utilize distributed ledger technology.

“We cannot allow the cryptocurrency industry to expand in Florida unfettered and unchecked with the potential for so many, including our large population of seniors, to be exploited. By taking an active, comprehensive and balanced approach, our state will provide an appropriate level of scrutiny for emerging digital asset technologies. It is absolutely essential that Florida create safeguards to protect our consumers from fraud,” said Mr. Patronis.

“The Alabama Securities Commission recently sent a cease and desist order to Platinum Coin from Miami to prohibit the company from issuing securities within Alabama. Other states have identified and are taking action against bad actors in the cryptocurrency industry. Florida must also protect our residents. […] The establishment of a cryptocurrency chief in the state will help protect Floridians from scams. Understanding the risks and benefits of this emerging industry will benefit Florida consumers. My goal is to keep pace with demand and not deter innovation while monitoring for fraudulent behavior and scams,” he added.

Do you think that the creation of state “cryptocurrency chiefs” tasked with overseeing the virtual currency industry would be positive or negative for the virtual currency ecosystem? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, Wikipedia

At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Florida CFO Advocates Creation of State “Cryptocurrency Chief” appeared first on Bitcoin News.

Bitcoin News

‘Controlled Burn’ in Florida Torches 36 Homes

June 29, 2018 |

Dozens of homes in Florida’s panhandle went up in flames when a controlled burn that was supposed to clear 480 acres spread across 800 acres, reports CBS News . Controlled burns are a forest management tool where a fire is deliberately set to prevent destructive wildfires. The fire—which was set…


XXXTentacion Was Finishing Florida Dream Home Just Before Murder

June 19, 2018 |

XXXTentacion was putting the finishing touches on his dream home when he was shot and killed Monday … something that was supposed to be a crowning moment of achievement.  XXX plunked down $ 1.4 million in November on the Parkland, Florida…

How a Florida Utility Became the Global King of Green Power

June 19, 2018 |

NextEra became a wind and solar Goliath almost entirely under the radar, using tax subsidies to help finance projects around the country. It has avoided debt and the kind of claims of altruistic motives common among some renewable-energy companies. US Business

Rapper XXXTentacion Shot Dead in Florida

June 19, 2018 |

Troubled rapper-singer XXXTentacion was shot and killed Monday in Florida, authorities said. The 20-year-old rising star, whose real name is Jahseh Dwayne Onfroy, was pronounced dead Monday evening at a Fort Lauderdale-area hospital, the Broward Sheriff’s Office said. He was shot earlier Monday outside a Deerfield Beach motorcycle dealership. XXXTentacion…

Partypoopers: Jellyfish Sting Hundreds in Florida

June 15, 2018 |

It’s a moon jellyfish free-for-all on central Florida beaches. An unusually large swarm of jellyfish have stung an estimated 1,200 beach-goers over four days in Volusa County. Jellyfish are not unusual in the area. Winds and currents push them ashore once or twice a year, Volusia County spokeswoman Captain…

Florida serial killings suspect watched porn after three slayings, police records reveal

June 12, 2018 |

The man accused of going on a killing spree terrorizing a Florida neighborhood visited porn websites on his cellphone after three of the four killings, according to records released Friday in the case.
FOX News

Florida Failed on Background Checks for an Entire Year

June 9, 2018 |

Florida failed to perform national background checks on thousands of applications for concealed-weapon permits for over a year, the Tampa Bay Times reports. According to a year-old state investigation , in February 2016 the Florida Department of Agriculture and Consumer Services stopped using a national database to approve such applications. The…