29 May '15, 11am

Bitcoin Regulation Roundup, Regulator Divide and “Life On Bitcoin”

New York State’s Department of Financial Services granted its first official business license for a bitcoin exchange, itBit, in early May. The license will allow the bitcoin exchange to bring in customers across the country in a legal manner, which then puts the onus of regulation on the state. Allowing itBit to align itself in a similar manner to how banks are regulated is a first for the bitcoin exchange community, and a victory (of sorts – although most don’t necessarily characterize regulation as a victory) for the bitcoin community, as it marks the first fully regulated digital currency exchange in the U.S.

Full article: http://cbnco.biz/bitcoin-regulation-roundup-regulator-div...

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