Tag: virtual currencies

New York planning a reality check for virtual currencies

By Douwe Miedema and Karen Freifeld WASHINGTON/NEW YORK Tue Feb 11, 2014 6:32pm EST (Reuters) – New York’s financial regulator on Tuesday revealed new details on how the state plans to govern virtual currencies such as bitcoin, just as problems in the nascent market took a turn for the worse. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, expects to adopt consumer disclosure rules, capital requirements and a framework for permissible investments with […]