State eyes licenses for Bitcoin brokers

Albany While New York studies how to rein in the online virtual currency Bitcoin, state Financial Services Superintendent Benjamin Lawsky is eyeing a system of transitional licenses for Bitcoin traders that act like banks to hold or transmit such currency for customers. "We expect that a transitional BitLicense would be targeted to smaller virtual currency firms — particularly start-ups," said …

from Google News, Yahoo! News, Wikinews, NY Times National News by search term


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