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New York Considering Tweaks to Virtual Currency Rules, Says Superintendent
By Brian Orsak
printNew York's financial regulator could soon hone expected rules on the use of virtual currencies after industry representatives complained to the agency that parts of its initial plan were vague. On Monday, New York State Department of Financial Services Superintendent Benjamin Lawsky said the agency would finalize rules for companies that receive, exchange, store or transmit bitcoins and other virtual funds by early next year. The department is still reviewing thousands of comment letters sent in response to the proposed rules, published in July. "We got a lot of very good comments about how parts of the regulation could be...
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