12 Aug '13, 5pm

Bitcoin

The virtual currency Bitcoin has already been getting lots of attention on the federal level. The IRS has been encouraged to make sure people pay tax on it. The FBI realizes it’s useful as a currency for illicit activity. The SEC has argued that it is indeed money and that people should go to jail for using it in Ponzi schemes. And the Department of Treasury has issued guidance for Bitcoin money transmitters. State regulators paying attention will help to further legitimize the currency, but it will also increase the start-up costs for Bitcoin money transmitters. The NYSDFS notes in its statement that “virtual currency exchangers may be engaging in money transmission as defined in New York law, which is an activity that is licensed and regulated by DFS.” That means ponying up bond money, as pointed out in

Full article: http://www.forbes.com/sites/kashmirhill/2013/08/12/every-...

Tweets

New York regulator subpoenas Bitcoin firms

thehill.com 12 Aug '13, 8pm

According to the person familiar with the probe, the firms receiving the subpoenas included online payment systems Dwolla,...

New York regulators launch investigation of Bit...

rawstory.com 12 Aug '13, 11pm

New York regulators launch investigation of BitCoin By Agence France-Presse Monday, August 12, 2013 19:31 EDT Topics: virt...

Bitcoin companies subpoenaed as New York financ...

theverge.com 12 Aug '13, 3am

New York financial regulators are asking the Bitcoin industry tough questions as they mull new guidelines to try and rein ...

New York banking regulator targets Bitcoin and ...

theguardian.com 12 Aug '13, 7pm

New York 's top banking regulator is considering issuing regulatory guidelines for Bitcoin and other virtual currencies, a...

New York financial regulator hits 22 Bitcoin-re...

arstechnica.com 12 Aug '13, 6pm

Late last week, the New York Department of Financial Services, the state’s banking regulator, sent 22 subpoenas to Bitcoin...

New York regulator subpoenas Bitcoin merchants regarding business practices

New York regulator subpoenas Bitcoin merchants ...

businessinsider.com 12 Aug '13, 12pm

The Wall Street Journal's Robin Sidel says New York Department of Financial Services has subpoenaed about two dozen Bitcoi...

Bitcoin comes under scrutiny from New York regulators

Bitcoin comes under scrutiny from New York regu...

news.cnet.com 13 Aug '13, 12am

New York state regulators are seeking more information on Bitcoin and other virtual currencies to both regulate and add ex...

New York's Financial Services Subpoenas Bitcoin...

techcrunch.com 13 Aug '13, 11pm

“We have also seen instances where the cloak of anonymity provided by virtual currencies has helped support dangerous crim...

New York's top banking regulator issues subpoen...

online.wsj.com 12 Aug '13, 2am

New York's top banking regulator has issued subpoenas to roughly two dozen companies associated with bitcoin as part of a ...

Congress starts investigating Bitcoin

washingtonpost.com 13 Aug '13, 4pm

Congress starts investigating Bitcoin By Timothy B. Lee , Published: August 13 at 12:26 pm E-mail the writer Comments Twee...

Bitcoin Companies Subpoenaed Over Regulatory Co...

entrepreneur.com 12 Aug '13, 3pm

New York state financial regulators have issued subpoenas asking Bitcoin-related companies for information into whether sa...

Congress starts investigating Bitcoin

washingtonpost.com 13 Aug '13, 6pm

Congress starts investigating Bitcoin By Timothy B. Lee , Published: August 13 at 12:26 pm E-mail the writer Comments Twee...

Bitcoin: More Regulation, More Opportunity?

inc.com 13 Aug '13, 7pm

Bitcoin may be a $1.2 billion marketplace, but the virtual currency still operates in a legal gray area: Companies that ac...

Regulator Examines Bitcoin Practices - Wall Str...

online.wsj.com 12 Aug '13, 2am

New York's top banking regulator has issued subpoenas to roughly two dozen companies associated with bitcoin as part of a ...

Subpoenas sent to firms tied to Bitcoin in wide-ranging inquiry into fledgling virtual-currency industry.

Subpoenas sent to firms tied to Bitcoin in wide...

online.wsj.com 12 Aug '13, 2pm

New York's top banking regulator has issued subpoenas to roughly two dozen companies associated with bitcoin as part of a ...