Updates

Bitcoins Drawing Increased Interest from Congress, New York and Merchants

Given the growing acceptance of Bitcoins, Congressional and state regulator interests have piqued. Two Senate subcommittees— the Senate Committee on Homeland Security and Governmental Affairs and the Senate Committee on National Security, International Trade and Finance—held hearings on the risks and benefits of virtual currencies.  Several representatives from federal agencies…

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New York Voters Approve Statewide Casino Referendum

By David Perechocky On November 5, 2013, New Yorkers took to the polls and approved a statewide casino referendum allowing four new gaming licenses in New York. Casino, entertainment and hotel developers and operators looking to make a competitive bid for these licenses should begin right away, as the application and approval…

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New York Probing Bitcoin Activities

By: Michael Whalen As a follow-on to our July 23 post on the trajectory of Bitcoin regulation, New York’s financial institutions regulator recently issued subpoenas to a number of Bitcoin participants. The subpoenas request documents covering a wide range of subjects, including pricing, anti-money laundering, data security, privacy, consumer protection,…

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Bitcoins: Creeping in from the Regulatory Periphery

By Michael Whalen The U.S. regulatory landscape for Bitcoins is shifting. In February of this year, Mt.Gox and Seattle-based CoinLab announced a significant deal in which CoinLab agreed to provide back-end clearing services for all peer-to-peer transactions on the Mt.Gox exchange involving U.S. and Canadian customers. The next month, the…

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