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News Link • Bitcoin

New York Will Be Holding Hearings On Bitcoin

• Business Insider

Among the topics they'll discuss is whether to begin issuing what they're calling "BitLicenses" to businesses deemed in compliance with a possibly new set of financial statutes created solely for digital currencies like Bitcoin.

"Our public hearing will review the interconnection between money transmission regulations and virtual currencies," the release states. "Additionally, the hearing is also expected to consider the possibility and feasibility of NYDFS issuing a ‘BitLicense’ specific to virtual currency transactions and activities, which would include anti-money laundering and consumer protection requirements for licensed entities." 

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