Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday June 03, 2015

New York Regulator Issues Final Virtual Currency Rules

The state of New York is going to start issuing what they call a "BitLicense" for anyone dealing in virtual currencies.

New York state issued on Wednesday extensive new rules for companies that operate in virtual currencies such as bitcoin but did little to accommodate complaints that overly tight regulation could hamper the nascent industry. The new rules, the first by a state, create comprehensive guidelines for regulating digital currency firms, according to the state's Department of Financial Services, which developed the regulations.