“New York’s top banking regulator has issued subpoenas to roughly two dozen companies associated with bitcoin as part of a wide-ranging inquiry into the business practices of the fledgling virtual-currency industry. The department also plans on Monday to issue a memo expressing concern that virtual-currency companies aren’t complying with the state’s money-transmission laws. As a result, the state is considering setting new guidelines that are specifically aimed at virtual currencies. Companies that received subpoenas include some of the best-known names in the nascent industry, including Coinbase Inc., BitInstant and Coinsetter.”

http://online.wsj.com/article/SB10001424127887323585604579006880143449754.html

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