TECH in AMERICA (TiA)

SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY

New York Launches Bitcoin Inquiry

by A.M. Watts –

Benjamin M. Lawsky

Benjamin M. Lawsky

Suddenly, the internets virtual currency Bitcoin is as popular as The Real Housewives catfighting,  pervasive and on everyone’s radar, due to the nature of the “coin” and increased mining ever increasing in population. Not to mention the recent Ponzi scheme complaint in which Trendon Shavers, allegedly the perpetrator, stealing an estimated $4,592,806 from investors.  Bitcoin is spreading faster than California wildfire, and all that glitters isn’t California Gold.

Now, New York State’s Department of Financial Services superintendent Benjamin M. lawsky, stated that it has “launched an inquiry into the appropriate regulatory guidelines that it should put in place for virtual currencies.” This is virtual currency the Winklevoss Twins and many others have invested upwards of two million dollars in the hopes of great returns on investment in the coming years.

Is bitcoin here to stay?

Thank you, TiA

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This entry was posted on August 14, 2013 by in BITCOINS and tagged , , , , , , , .

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