virtual currency News

New York Regulator Lawsky Proposes ‘BitLicense’ Regulatory Framework

New York’s financial regulation chief is proposing a “BitLicense” regulatory regime that he says will protect consumers and root out wrongdoing without stifling innovation by virtual-currency businesses in the state. Companies that store or exchange virtual currencies for cash would …

New York DFS Superintendent Lawsky Reveals Bitcoin Regulation Plans

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, …