24 Apr '15, 9pm

Bitcoin regulation is coming to New York

REUTERS/Peter Nicholls A bitcoin sticker is seen in the window of the 'Vape Lab' cafe, where it is possible to both use and purchase the bitcoin currency, in London March 24, 2015. There's a new regulator in town. Daniel Roberts at Fortune reports that Benjamin Lawsky, superintendent of the New York Department of Financial Services, is putting the finishing touches on BitLicense, a policy that "will require digital currency companies to obtain a license in order to transmit money on behalf of customers." This means that the cryptocurrency is getting slightly more legit, though the Bitcoin community is unsurprisingly somewhat unhappy about that. While some people think that regulation is a way to wider acceptance, Bitcoin is by and large a community full of people with serious philosophical opposition to the mainstream system. That's why they created bitcoin. From Fortune: ...

Full article: http://uk.businessinsider.com/bitcoin-regulated-in-new-yo...

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Bitcoin regulation is coming to New York

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