virtual currency regulation in New York News

New York State Department of Financial Services (NYDFS) announced Thursday that it has granted a charter under the New York Banking Law to itBit Trust Company, LLC – a commercial Bitcoin exchange. ItBit, which is based in New York City, …

New York’s financial regulator on Tuesday revealed new details on his agency’s plans to govern virtual currency firms in the state in order to protect consumers and combat money laundering. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, …