New York Regulator Finalizes First-Of-Its-Kind Plan To Govern Virtual Currency With “BitLicense”

New York Regulator Finalizes First-Of-Its-Kind Plan To Govern Virtual Currency With “BitLicense”

Nearly a year after the New York Department of Financial Services took steps to regulate businesses that operate in virtual currency, the Department announced the finalization of the “BitLicense” plan, making it the first set of guidelines for the use of cybercurrency. [More]

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N.Y.’s Proposal For Licensing Bitcoin Businesses Includes Plan For Consumer Protections

Maybe you still don’t know exactly what a Bitcoin is, but in case you ever want to use one, it’d be comforting to know you’ve got some protection when spending the cryptocurrency. New York has taken a step in the direction of keeping consumers’ safe with a proposed plan that sets up a regulatory framework for any business dealing with bitcoins. [More]