It's All About the Bitcoins
Looks like the road to mainstream Bitcoin acceptance is paved with regulation.
The New York Department of Financial Services has issued subpoenas to a variety of New York-based Bitcoin enterprises, including Coinbase, Coinsetter and BitInstant, in an effort to collect more information about the booming virtual currency. This could lead to increased state regulation, as the department works to determine if Bitcoin companies should be regulated like other money-transmission companies, and/or be held to a separate set of standards.
ALBANY—Attorney General Andrew Cuomo doesn't usually put out a "public schedule" like some other elected figures, but today he did, to let us know he'll be in Washington meeting with the president.
PUBLIC SCHEDULE FOR ATTORNEY GENERAL ANDREW M. CUOMO
FRIDAY, OCTOBER 9, 2009
Attorney General Cuomo is in Washington, D.C.
1:15PM Attends meeting with Read More
Unlike most public officials, New York’s hard-charging attorney general, Andrew Cuomo, doesn’t keep a written daily schedule.
That’s according to his office, which, after two separate Freedom of Information requests from The Observer, finally said that Mr. Cuomo simply didn’t have any pre-existing documentation of his day-to-day professional and political activities that he could make Read More