• New York Department of Financial Services Takes Next Step toward Regulation of Bitcoin
  • November 20, 2013 | Authors: Ravi R. Desai; Erich M. Hellmold; Michael A. Mancusi; Kevin M. Toomey
  • Law Firm: Kilpatrick Townsend & Stockton LLP - Washington Office
  • On November 14, 2013, the New York Department of Financial Services (“NYDFS”) issued a Notice of Intent (“Notice”) to hold a hearing on Bitcoin and other virtual currencies in their continued effort to establish the appropriate regulatory guidelines and standards for this emerging form of currency.