New York's Financial Regulator Subpoenas Bitcoin Companies

Posted by Soulskill on Tuesday August 13, 2013 @04:05PM from the party's-over-folks dept.

dreamstateseven writes "Things are getting serious for Bitcoin this month: a federal judge declared it real money, Bloomberg gave it an experimental ticker, Thailand declared it illegal, and now New York's financial regulator announced an interest in regulating it. The department is starting out by subpoenaing 22 digital-currency companies and investors to get a lay of the Bitcoin land. They sent letters to the major Bitcoin players asking them to hand over information regarding their money laundering controls, consumer protection practices, source of funding, pitch books (for Bitcoin start-ups) and investment strategies (for Bitcoin investors). Keep in mind, a subpoena doesn't mean criminal activity has taken place."

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Re:So were you also one who bitched about Wall Str by TrentTheThief · 2013-08-13 21:31 · Score: 1, Offtopic

Exactly which rules are you blather on about?
The ones that required billions of dollars in interest-free loans and caused thousands of people to lose their homes while the bankers involved kicked back counting their million dollar bonuses?