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BTC about to become legal currency in NY BTC about to become legal currency in NY
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Old 03-11-2014, 03:02 PM   #1
Wellness Cash
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BTC about to become legal currency in NY
http://www.coindesk.com/new-york-acc...ncy-exchanges/

Quote:
New York?s Superintendent of Financial Services, Benjamin M. Lawsky, has issued a public order that confirms the state is now accepting applications for digital currency exchanges.

Perhaps most notably, however, was that Lawsky indicated that these businesses will be regulated under new New York regulation, which he committed to having in place by the end of the second quarter of 2014.

In his remarks, Lawsky struck his usual balance of at once recognizing the promise of digital currencies and stressing that related business activities need to be conducted in a responsible and lawful manner.
Price will only go up once this hits the mainstream media...
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Old 03-11-2014, 03:17 PM   #2
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Quote:
Originally Posted by Wellness Cash View Post
http://www.coindesk.com/new-york-acc...ncy-exchanges/



Price will only go up once this hits the mainstream media...
digital currencies, not only bitcoins
also i doubt it is legal
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Old 03-11-2014, 03:25 PM   #3
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BTC is really a digital currency? I mean yet?
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Old 03-11-2014, 03:26 PM   #4
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I'm pretty sure this is a federal issue... Not a state issue at all. They still have to comply with all federal laws that are applicable
Last edited by TheSquealer; 03-11-2014 at 03:32 PM..
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