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Despite New York’s Pending Rules, More Clarity Needed for Bitcoin Exchanges, Say Experts
By Steve Viuker
printWith New York rules for digital currency exchanges in the works, other states are stepping up to draft rules of their own, speakers at a Manhattan Bitcoin conference said Monday. At a panel during Mediabistro's Inside Bitcoin conference, consultants in the nascent industry outlined the impact of U.S. anti-money laundering (AML) rules on certain digital currency exchanges. In November, officials in the New York State Department of Financial Services (NYSDFS) said the state agency will propose its own AML regulations within a year. The state's effort is laudable, in part because currency firms deemed money services businesses (MSBs) under federal...
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