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August 14, 2013 03:39 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-vXbGBm4oUk/
New York's Financial Services Subpoenas Bitcoin Firms To Root Out Illegal Activity
Twenty-twoBitcoin companies received a letter from New Yorks top banking regulator to determine whether they respect the current financial regulatory guidelines. More importantly, the authority wants to create a new set of rules to make sure that bitcoins are not used for illegal activities."We have also seen instances where the cloak of anonymity provided by virtual currencies has helped support dangerous criminal activity, such as drug smuggling, money laundering, gun running, and child pornography," Financial Services superintendent Benjamin M. Lawsky said in a statement.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-vXbGBm4oUk/
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