New York's Financial Regulator Subpoenas Bitcoin Companies 259
dreamstateseven writes "Things are getting serious for Bitcoin this month: a federal judge declared it real money, Bloomberg gave it an experimental ticker, Thailand declared it illegal, and now New York's financial regulator announced an interest in regulating it. The department is starting out by subpoenaing 22 digital-currency companies and investors to get a lay of the Bitcoin land. They sent letters to the major Bitcoin players asking them to hand over information regarding their money laundering controls, consumer protection practices, source of funding, pitch books (for Bitcoin start-ups) and investment strategies (for Bitcoin investors). Keep in mind, a subpoena doesn't mean criminal activity has taken place."
Re:nowadays (Score:4, Funny)
I don't use (or care about) bitcoins; but if I had a choice, I'd rather deal with crooks than 'the government'.
one will rob me and then leave. the other will rob me and keep robbing me.
Re:Your papers, comrade! (Score:1, Funny)
This. Would mod up if I wasn't AC.
Re:So were you also one who bitched about Wall Str (Score:1, Funny)