• The New York State Department of Financial Services: Leading the Charge to Regulate Bitcoin
  • October 1, 2013
  • Law Firm: Jones Day - Cleveland Office
  • As we have previously written, the New York Department of Financial Services (“DFS”) 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.”