http://www.forbes.com/sites/timworstall/2014/07/19/how-to-stop-bitcoin-banking-give-it-a-bitlicense-in-new-york/New York State has decided to issue a regulatory structure for Bitcoin, meaning that businesses in that State can be sure of what they can and cannot do. This is excellent news of course, the regulatory uncertainty is most certainly holding back development of all cryptocurrencies. However, there is one tiny problem with the regulations as they’ve proposed them. They actually make running a Bitcoin bank illegal. Which, if you’re trying to encourage people to develop new banks is probably something of a bad idea.
