Forgot your password?
typodupeerror
Bitcoin Government The Almighty Buck

New York's Financial Regulator Subpoenas Bitcoin Companies 259

Posted by Soulskill
from the party's-over-folks dept.
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."
This discussion has been archived. No new comments can be posted.

New York's Financial Regulator Subpoenas Bitcoin Companies

Comments Filter:

Dennis Ritchie is twice as bright as Steve Jobs, and only half wrong. -- Jim Gettys

Working...