VIRTUAL CURRENCY REGULATION
The Impending BitLicense and Premature Regulations
Last month, the New York State Department of Financial Services (NYDFS) announced its proposed regulations for businesses engaged in “Virtual Currency Business Activity.
A prematurely designed set of draconian rules could force Bitcoin businesses to leave New York for good, shutting out a burgeoning industry before it has a chance to develop—and leaving New York behind the rest of the market. > Read more
> Interview an expert