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The CSBS plans public hearing in Chicago on emerging payments and Bitcoin

Bitcoin Conference Held In New York City
Bitcoin Conference Held In New York City
Photo by Andrew Burton/Getty Images

The US Conference of State Bank Supervisors Emerging Payments (CSBS) Task Force will be in Chicago for a public hearing on May 16 regarding emerging payments and digital currency issues. The four prominent speakers were announced on Coin Desk today.

The CSBS works in liaison with Congress. At its announcement in February among the first nine bank members signed on board was New York Department of Financial Services superintendent Benjamin Lawsky. Earlier this year he pioneered New York City to accepting applications for the digital currency. He had supported Bitcoin in January during a review with his group and saw Bitcoin as an opportunity for saving merchants fees on transactions and easing of international transaction costs.

Lawsky, has confirmed that the state now accepts applications for "BitLicenses" for encrypted currency firms operating in New York state. Lawsky thought the benefits credible and deserved an opportunity for Bitcoin to be accepted and future crypto-currencies. Regulations are now in effect in New York City as applications have been processed and approved.

The CSBS hearing in Chicago will be open to the public and hear information on a wide range of panel presentations and discussion regarding emerging payments, retail payments, as well as Bitcoin and other issues surrounding crypto-currencies. Speakers listed are: Bryan Krohn, Chief Financial Officer, BitPay, Karsten Behrend, Head of Compliance, Xapo, Megan Burton, Chief Executive Officer, CoinX, Annemarie Tierney, EVP Legal and General Counsel, SecondMarket.

Margaret Liu, Senior Vice President and Deputy General Counsel of the CSBS stated, “We’re looking at the hearing as an educational opportunity, as an opportunity to learn more about all the innovations in payments.” Education and future programs are on the list long-term for planning.

Triple Zero Media brings the second North American Bitcoin Conference to Chicago later on July 19-20 at Chicago’s McCormick Place. This is expected to be a well-attended conference. Moe Levin enthusiastically posted on the conference website, “Last conference was spectacular – we expected 750 people, but over 1200 people came. The biggest one yet in the states. Thankfully, we were able to scale it and open up extra rooms. We’re hoping to double that this time in Chicago.”