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 new 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.
March 11, 2014 at 06:26PM
