Sunday July 20, 2014

New York State Proposes Sweeping Bitcoin Regulations

The recent wave of acceptance for Bitcoin seems to have stopped at the door of the New York Department of Financial Services. The NYDFS has issued new proposed regulations regarding the operation and use of Bitcoin in business transactions in the state of New York..

"We have sought to strike an appropriate balance that helps protect consumers and root out illegal activityآ—without stifling beneficial innovation,"