The New York State Department of Financial Services (DFS) issued a proposed "BitLicense" regulatory framework for virtual currency businesses Thursday, and is asking for public comments on the plan.
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The U.S. government is selling bitcoins worth $18 million through an auction later this month.
Mt. Gox, formerly the world's biggest bitcoin exchange, received temporary U.S. bankruptcy protection on Monday that stopped some of the fraud litigation filed against the company.
New York state’s top financial regulator plans to propose rules this year regulating Bitcoin businesses operating in the state.
On November 14, the New York State Department of Financial Services (NYDFS) announced that it will hold a public hearing on virtual currency regulation soon (date to be determined) in New York City. The goal of regulation is to provide greater security when it comes to its use, while allowing this new technology to grow.