Christian Grimaldo

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N.Y. Regulator Eyes 'BitLicense'

A move to add consumer and anti-money laundering protections to companies dealing in the digital currency might be a good thing for the fledgling currency.<p>New York technology companies that develop or accept Bitcoin will soon be confronting a new regulatory environment for their products and …

Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts

In the first week of July, Jay Shore got bad news. U.S. Bank and Chase informed him they were closing the accounts for his company, Coinabul, a San Diego-based precious metals buyer that sells silver and gold for Bitcoin. They didn’t want to house his half-million dollars. Chase was mum on the …

If Bitcoin Is So Secure, Why Have There Been Dozens of Bitcoin Bank Robberies And Millions In Losses?

Bitcoin.org, the semi-official voice of the Bitcoin community, says "the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can …

New York State considers licensing Bitcoin traders

On Friday, the New York State Department of Financial Services announced it will be holding a public hearing on virtual currency regulation, specifically considering whether a certification called "BitLicense" might help manage the spread of online currencies like Bitcoin. The new license would …