New York regulators will issue a revised proposed draft of regulations for bitcoins, Benjamin M. Lawsky, Superintendent of Financial Services, told the Bipartisan Policy Center in Washington this morning.
Lawsky, who had explained the department’s process for developing virtual currency regulation at Money 20/20 in early November, said the revised draft would be posted on the department’s Web site soon, opening the way for a new round of comments.
At the Money 20/20 conference some bitcoin promoters said that if regulators demanded too much financial backing, bitcoin companies startups would find it difficult to launch a business.
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