[2014-08-21] Proposed Bitcoin Rules Threaten Emerging Digital Currencies

[erono]

http://www.thefiscaltimes.com/Articles/2014/08/20/Proposed-Bitcoin-Rules-Threaten-Emerging-Digital-Currencies

While billions of dollars have been stored in virtual currencies such as Bitcoin few rules exist to govern their use, leaving consumers at risk and opening channels for illicit activities such as money laundering.

This is about to change as New York State is establishing groundbreaking regulations that would make virtual currency exchanges more accountable and require more disclosure from all parties to a transaction involving a digital currency.
- See more at: http://www.thefiscaltimes.com/Articles/2014/08/20/Proposed-Bitcoin-Rules-Threaten-Emerging-Digital-Currencies#sthash.Xn5GR9Ls.dpuf