Superintendent of the New York Department of Financial Services (DFS) Ben Lawsky revealed a draft proposal on Thursday of regulations governing virtual currencies like Bitcoin, making New York the first state in the country to grapple directly and openly with the issue.
In February stopped by Reddit for an AMA from these discussion DFS announced that they have published a proposed framework for public comment.
The regulations will be formally published in the July 23, 2014 edition of the New York State Register – which starts a 45-day public comment period.
If passed, they would be the first regulations on virtual currencies anywhere in North America to carry the full weight of the law.
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