New York state financial regulator issues subpoenas to 22 bitcoin companies
The New York Department of Financial Services (DFS) has issued subpoenas to a number of bitcoin companies requesting information about the way in which they operate and the consumer safeguards they have in place. A memo issued by the DFS, written by department head Benjamin Lawsky, suggests it wants to work with bitcoin companies to ensure the virtual currency industry can continue to exist as a "legitimate business enterprise". "It is in the common interest of both the public and the virtual currency industry to bring virtual currencies out of the darkness and into the light of day....
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