During the interview, Lawsky explained why he thinks Bitcoin's privacy features are "probably compatible" with strong anti-money laundering controls; why online payday lenders' business model could not survive in a Bitcoin world; and how he views the irreversibility of payments in this decentralized network.

Lawsky Processes Bitcoin (The Idea, That Is) After Hearings - Bank Think Article - American Banker Saturday, February 1, 2014 @ 1:53pm