[cryptome] NYS bitcoin trading regulations

  • From: Andrew Hornback <achornback@xxxxxxxxx>
  • To: cryptome@xxxxxxxxxxxxx
  • Date: Fri, 5 Jun 2015 16:09:32 -0400

On Fri, Jun 5, 2015 at 3:52 PM, Douglas Rankine <
douglasrankine2001@xxxxxxxxxxx> wrote:

[snip]


P.P.S. I see that New York State is issuing licenses for trading in
Bitcoin. Presumably trading in Bitcoin without a license will become
unlawful...if so, that is a turnaround... J.

see url: http://cryptome.org/2015/06/nys-bitlicense.pdf


The first step is regulating it, the next step is taxing it - if one
doesn't take Bitcoin out of existence, the other will.

License to deal in virtual currency itself is $5,000 - wonder if they'll
take that in Bitcoin?

You're also forced to give up all of your books upon request... which shows
who you're dealing with, etc. This'll just force folks to stay out of NY
State if they want to stay anonymous and deal in Bitcoins...

--- A

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