Isn't FRB with bitcoin already possible and allowed for banks today? That will not change with this ruling. If it is prohibited in NY, it is allowed somewhere in the world, anyway. As I understand it, the ruling is for exchanges that do not want to register as a full bank license.
No, because you cannot print more Bitcoins. You can only print vouchers for Bitcoins, which will clearly be worth less than a Bitcoin.
This is not necessarily true as long as you are able to redeem the voucher with little/no delay for bitcoin to an address that you control.
What the regulations will do is prevent companies from having the same types of problems that GOX had.
