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Author Topic: [2014-08-22] New York's Bitcoin Regulation Comment Frenzy Reflects Its National  (Read 554 times)
patricktim
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August 22, 2014, 05:47:41 AM
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http://inthecapital.streetwise.co/2014/08/21/new-york-bitcoin-comment-frenzy-national-importance/

The frenzy of commenting began almost immediately after superintendent of financial services Benjamin Lawsky announced the proposed regulations back in July. The draft rules cover the usual arenas of money laundering, security and protecting consumers, requiring companies involved in virtual currency to get a "BitLicense" to operate in New York and holding them accountable for customers. It's a staggering advance in what until now has been mainly a piecemeal kind of regulation. Perhaps understandably, a letter from the Bitcoin Foundation was among those asking for more time.

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