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New York plans 'regulated' exchanges for Bitcoin

Mar 12, 2014, 4:53 AM EDT
File photo taken in April 2013 shows a pile of Bitcoin slugs ready to be minted in Sandy, Utah.
Getty/AFP, George Frey

New York's financial regulator has called on firms to submit proposals to set up "regulated" exchanges for digital currencies like Bitcoin. The state's Department of Financial Services (NYDFS) said it wanted to better protect consumers, and prevent money-laundering. It comes as a top Bitcoin exchange, Mt Gox, filed for bankruptcy last month.
Background:
New York regulator plans 'regulated' Bitcoin exchanges [BBC]
New York opens door to regulated bitcoin exchanges [MarketWatch]

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