New York Now Accepting Applications for Digital Currency Exchanges

“New York’s Superintendent of Financial Services, Benjamin M. Lawsky, has issued a public order that confirms the state is now accepting applications for digital currency exchanges.  Lawsky indicated that these businesses will be regulated under new New York regulation, which he committed to having in place by the end of the second quarter of 2014.  In his remarks, Lawsky struck his usual balance of at once recognizing the promise of digital currencies and stressing that related business activities need to be conducted in a responsible and lawful manner.  Approved applications will need to adhere to the regulatory framework New York plans to introduce later this year.”

http://www.coindesk.com/new-york-accepting-applications-digital-currency-exchanges/

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