Most notable in its How Google Fights Piracy Report are the three ways Google has reformed search over the last year: demoting sites with many DMCA takedown notices, removing piracy-related autocomplete terms, and ad formats.
New York should ensure “BitLicenses” are a Step Forward for Innovation
New York State has proposed regulating virtual currency businesses. While ITIF believes the State of New York is likely the wrong entity to address these important policy issues, we have offered some recommendations for the BitLicensing framework. This blog accompanies our recommendations.
ITIF Comments to the New York State Department of Financial Services on the Proposed BitLicense Framework
The New York State Department of Financial Services’ (NYSDFS) is currently considering regulations for virtual currencies (e.g. Bitcoin). While ITIF believes that the State of New York is likely the wrong entity to address these important policy issues, we have offered a number of recommendations should it continue to pursue these regulations. To strike the right balance that helps protect customers and root out illegal activity without stifling innovation or competition, New York should foster new entrants and budding virtual currencies without burdening their adoption with heavy-handed reporting requirements. Virtual currencies may be the next wave of innovation in our country’s financial services or they may be just a flash in the pan. Only time and a light regulatory touch will tell.
The LEADS Act Presents a Path Forward for Cross-border Digital Searches
Yesterday, Senators Hatch, Coons and Heller introduced the Law Enforcement Access to Data Stored Abroad (LEADS) Act which seeks to clarify the powers that warrants issued by the U.S. courts have on data stored abroad. If enacted, this law could have both immediate effects on a current court case, and far-reaching effects on international agreements for cross-border access to data for law enforcement purposes.
ITIF Files Open Internet Reply Comments
ITIF filed open Internet reply comments Monday, urging the Federal Communications Commission to develop flexible regulation under section 706, allowing for innovation both at the edge and within the network itself. Many of the assumptions underlying arguments for Title II, utility-style regulation are ill-founded. Instead of giving in to over-blown fears, the Commission should allow for commercially reasonable prioritization that enables networks to support the ever-growing variety of Internet applications.