11 Jan '14, 9am

New York State Department of Financial Services Announces Bitcoin Hearings

New York State Department of Financial Services Announces Bitcoin Hearings

The New York State Department of Financial Services (NYDFS) will hold public hearings on the regulation of digital currencies on 28th and 29th January in New York City. It will also discuss potentially issuing something it calls “BitLicenses ” as a regulatory requirement specific to businesses in the “virtual” currency field. Financial Services Superintendent Benjamin M. Lawsky issued a notice yesterday inviting members of the press and public to attend the hearings, which will include witnesses presenting before an inquiry as well as panel discussions. The notice warned that space would be limited, and promised “a broad cross-section of industry participants, investors, academics and other individuals involved in the virtual currency industry.” As the United States’ predominant financial services and trading hub, New York State is bound to receive high-profile attention a...

Full article: http://www.coindesk.com/new-york-state-announces-bitcoin-...

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