28 Jan '14, 10pm

New York announces plans for Bitcoin ‘license’ amid high-profile arrest

New York announces plans for Bitcoin ‘license’ amid high-profile arrest

​New York announces plans for bitcoin ‘license’ amid high-profile arrest Published time: January 28, 2014 22:35 Get short URL Reuters / Pawel Kopczynski Tags Banking , Bitcoin , Crime , Currencies , Innovation , USA New York plans to create regulations that will guide virtual currency firms that operate in the state, possibly requiring them to hold a “BitLicense,” the state’s top banking regulator said Tuesday, one day after a major arrest in the bitcoin universe. Benjamin Lawsky, New York’s Superintendent of Financial Services, said such regulatory guidelines would seek to bar misconduct like money laundering while not cornering in booming cryptocurrency technology. His comments came during the start of hearings this week - organized by the New York Department of Financial Services - on the future of online currencies. “Ultimately, it’s our expectation that the informatio...

Full article: http://rt.com/usa/bitcoin-regulations-new-york-320/

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