New York State Proposes Sweeping Bitcoin Regulations

An anonymous reader writes On Thursday, Benjamin M. Lawsky, the superintendent of financial services, announced proposed regulations for virtual currency companies operating in New York. The "BitLicense" plan, which includes rules on consumer protection, the prevention of money laundering and cybersecurity, is the first proposal by a state to create guidelines specifically for virtual currency. "We have sought to strike an appropriate balance that helps protect consumers and root out illegal activity—without stifling beneficial innovation," he said in a statement.

Comments

Fuck New York

[Anonymous Coward]

Why don't they just change their state flag to the swastika? They couldn't be any more clear about how they want to fuck their subjects.