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New York's Financial Regulator Subpoenas Bitcoin Companies

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."

3 of 259 comments (clear)

  1. Find another place to trash US regulator ! by Anonymous Coward · · Score: -1, Troll

    We already owe you nothing for the financial crisis.
    You fail systematically at every of your duties.

    Same for the internet.
    Governments and regulators are to the internet what hooligans are to sports.

    The internet must be purged of external influences, through force and crypto anarchy.

  2. Re:Your papers, comrade! by Anonymous Coward · · Score: -1, Troll

    ... although I have to admit that New Yorkers pretty much keep asking for that level of government meddling in their lives.

    What a bunch of niggers!

  3. Re:So were you also one who bitched about Wall Str by Anonymous Coward · · Score: -1, Troll

    OP is a fag.