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]

PayPal Kinda, Sorta Starts Accepting Bitcoin As Payment But Only For A Very Select Group

PayPal Kinda, Sorta Starts Accepting Bitcoin As Payment But Only For A Very Select Group

A very select group of merchants who use PayPal now have another option when it comes to receiving payments. The digital wallet company will soon offer digital goods sellers the ability to accept bitcoin as payment through its Payments Hub service. [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]