Proposed bitcoin regulations 'unworkable' in current form
Bitcoin-friendly New York State proposes regulation for the crypto-currency world that commentators fear are too onerous and compliance heavy for the young industry to work with
Proposed bitcoin regulations put forward by the New York Department of Financial Services (NYDFS) are not workable in their current form, one legal expert warns.
The proposed regulations, released this month, set out steps as to how crypto-currency businesses would be licensed to operate within the state of New York and regulated thereafter. Licensed bitcoin businesses would have to maintain 10
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