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New York State's financial regulator has issued its first bitcoin license, bringing consumer protection, compliance and cyber-security guidelines to what still is very much the wild west of the financial industry. 
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From
fortune
It's been barely a week since the BitLicense was released, and it has already driven a bitcoin startup out of New York.
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New York has finally issued an official set of rules for businesses that deal with Bitcoins. If you recall, New York Superintendent of Financial Services
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Benjamin Lawsky, the state’s financial regulator, said the rules for virtual-currency businesses would help protect consumers and prevent money laundering.
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What are bitcoins? They’re a form of digital currency, to which the US Treasury categorized them as “decentralized.” This means that they can be accepted everywhere (in theory). Now, the state Via Enzo Calamo
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New York start-up itBit has become the first fully regulated bitcoin exchange in the US. Via Enzo Calamo
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From
www
A New York City-based bitcoin exchange, itBit, has been the first to receive a charter under New York banking laws.
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BitLicense is a necessary step for the industry, but bitcoin businesses fear over-regulation.
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CoinDesk speaks with New York City council member Mark Levine about his proposed bill that would see the city accept bitcoin for fines and fees.
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New York City Council Member Mark Levine has announced he will introduce a bill tomorrow that could find the city accepting bitcoin for fines and fees.
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You can buy an increasing number of goods of services with cryptocurrency Bitcoin and Apple’s new mobile payments platform Pay, but soon their reach could expand to fines as well – specifically parking tickets.
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New York City is seeking alternative mobile payment methods for parking tickets.
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New York’s proposed Bitcoin regulation would violate the First Amendment, damage privacy and stifle innovation, according to Reddit, The Electronic Frontier Foundation(EFF) and the Internet Archive. The groups published a joint comment at the close of the public comment period on Tuesday.
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The license is onerous to comply with. Bonding for all holders is mandatory, and licensees must collect personally identifying information for all transactions, including the physical address and name of the parties, regardless of the transaction size.
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New York Law Journal (registration) Bitcoin and Virtual Currency Regulation New York Law Journal (registration) News media mentions the rapid developments related to Bitcoin and other digital currencies almost daily: the introduction of Bitcoin...
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New York’s proposed bitcoin regulations have been the subject of increasing criticism in recent weeks, with a wide variety of industry leaders coming forward to criticize the laws for their lack of clarity and for putting up unnecessary obstacles to the ecosysem’s future growth.
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New York’s Department of Financial Services said on Thursday that it would extend by 45 days the comment period for its proposed virtual currency regulations. Those interested insubmitting comments on the new rules will now have until Oct. 21.
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Bitcoin ATM producers Lamassu and operator PYC Bitcoin have announced the first BTM in Manhattan. The BTM, located in Flat 128 in the West Village is one of the first in the city.
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CoinDesk asked industry representatives for their thoughts on the New York Department of Financial Services' BitLicense proposals.
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With New York’s BitLicense scheme officially three months away, sophisticated traders are already devising strategies to profit from the potential arbitrage opportunities.
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Last week, New York's Department of Financial Services became the first state to propose comprehensive regulations governing virtual currencies.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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