“Want to do business with bitcoin in New York state? You might soon need a ‘bit-license.’  Officials will hold a public hearing at which investors, law enforcement officials and computer engineers will provide insight into virtual currencies to determine whether businesses accepting or transferring bitcoin should be licensed, which is required of wire transfer services.  Virtual currencies had a coming-out party last year, when Congress held hearings on the potential dangers of anonymous, untraceable and nongovernmental ‘crypto-currencies.’  Lawsky said New York must follow suit to understand how state laws apply to digital currencies and how innovation and security can be balanced.”

http://www.cnbc.com/id/101327301

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