31 Oct '16, 8am

New York's bitcoin hub dreams fade with licensing backlog

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency's chief left, putting a licensing process in limbo and allowing rivals to catch up. Since June 2015, New York has required virtual currency firms doing business there to get a "BitLicense" to hold customer funds and exchange virtual coins for dollars and other regular currencies. Benjamin Lawsky headed the Department of Financial Services (DFS) when it developed those rules, acting as an early advocate of virtual currencies when other regulators were still skeptical. Although it remains unclear whether such currencies will ever gain mainstream acceptance, they are now part of a broader, rapidly-growing industry that blends finance and technology, and which...

Full article: http://www.reuters.com/article/us-bitcoin-regulations-dfs...

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New York's bitcoin hub dreams fade with licensi...

reuters.com 31 Oct '16, 8am

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopt...

New York's bitcoin hub dreams fade with licensi...

cnbc.com 31 Oct '16, 8am

As the market has grown, financial centers around the world have competed aggressively to attract new business. While some...

New York's bitcoin hub dreams fade with licensing backlog

New York's bitcoin hub dreams fade with licensi...

reuters.com 31 Oct '16, 5am

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopt...

New York's bitcoin hub dreams fade with licensi...

reuters.com 31 Oct '16, 5am

NEW YORK New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopt...

New York's bitcoin hub dreams fade with licensing backlog

New York's bitcoin hub dreams fade with licensi...

yahoo.com 31 Oct '16, 5am

NEW YORK (Reuters) - New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin w...

New York’s Bitcoin Hub Dreams Fade With Licensi...

bitcoin.worldnewsoffice.com 01 Nov '16, 11pm

(Reuters) – New York’s financial regulator had sights set on becoming a global hub for innovations like bitcoin when it ad...

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