It's All About the Bitcoins

New York Looks to Regulate Bitcoin, Issues Subpoenas to BitInstant, Coinbase and Others

Mr. Lawsky

Looks like the road to mainstream Bitcoin acceptance is paved with regulation.

The New York Department of Financial Services has issued subpoenas to a variety of New York-based Bitcoin enterprises, including Coinbase, Coinsetter and BitInstant, in an effort to collect more information about the booming virtual currency. This could lead to increased state regulation, as the department works to determine if Bitcoin companies should be regulated like other money-transmission companies, and/or be held to a separate set of standards. Read More