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Expert Analysis

NY Regulators Turn Their Attention To Bitcoin

Law360, New York (November 18, 2013, 6:37 PM EST) -- As we have previously written,[1] the New York Department of Financial Services is emerging as an aggressive regulator of financial institutions based in New York or doing business in the state. Recent information, including a DFS memorandum and DFS subpoenas issued to key industry players, suggests that DFS has turned its attention to the regulation of virtual currencies, including "Bitcoin."...

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