Emerging State Regulations Clear the Way for Virtual Currency

– Payments Source

A road map for regulation of virtual currency is beginning to emerge as more states appear willing to issue licenses for entities offering exchange and other services.

While immediate action at the federal level is still unclear, several states are expected to be acting on new regulations soon. Most importantly, Bitcoin and virtual currencies businesses can start the process of getting a license to serve customers in New York, one of the most desirable markets in the country.

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