2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • New York Calls Bitcoin A Wild West For Criminals – Pulls Biggest Players Into Court

    13 Aug 2013 by Jasmine Stone in Legal, Money
    Related Posts
    • Butler's Celebrates Bitcoin Pizza Day With Butlerverse Global Pizza Day Lightning Party - Sign Up For An Invite Here
    • Thursday Morning Spice
    • Thursday Morning Spice
    • Woman Wants To Adopt A Kitten, Gets Scammed Out Of R13.5 Million
    • New Rules Aimed At Tackling 'Crypto Hysteria'

    The state of New York will set the tone for the US government’s official relationship with virtual currency, Bitcoin when the New York State Department of Financial Services meets every major Bitcoin player in court.

    Shortly after a federal judge recently ruled that Bitcoin is real money, 22 digital-currency companies and investors have been subpoenaed by New York’s financial regulator. Subpoenaed parties include the Winkelvosses twins, Google Ventures and Andreesen Horowitz.

    The New York State Department of Financial Services declared Bitcoin: “a virtual Wild West for narcotraffickers and other criminals.” Superintendent, Benjamin Lawsky said in a statement:

    We believe that – for a number of reasons – putting in place appropriate regulatory safeguards for virtual currencies will be beneficial to the long-term strength of the virtual currency industry

    The department is using this investigation as an opportunity and case study to determine whether there is a need to start regulating online currencies. Obviously, they pretty much already believe that there is.

    The department says they hope for the cooperation of all stake holders to help tame the “virtual wild west”, and make it a safe place where consumers are protected.

    Also, they want their cut of profits.

    • ← Tony Yengeni Was Three Times Over The Limit – Police
    • This Is How Videos Go Viral On Twitter [VIDEOS] →
    • Tweet
    • Tags:
    • Bitcoin
    • Finance
    • virtual money

    Latest News

    • Hilariously Obvious Video Of Self-Proclaimed Prophet ‘Walking On Air’ Is Making The Rounds Amidst Extradition Case

      [imagesource:youtube/news24] Never forget that the self-styled prophet who is facing ch...

    • The Phantom Of Heilbron – A Serial Killer Who Never Existed Was Hunted For Sixteen Years

      [imagesource:publicdomainpics] In 1993, a 62-year-old woman was found dead in her house...

    • This Year’s South African Car Of The Year Is A Real Local Classic

      [imagesource:twitter/@nbrenwin] The winner of the 2023 South African Car of the Year is...

    • You’ll Need To Get On Top Of These New Laws ASAP If You Employ A Domestic Worker

      [imagesource:here] New laws for domestic workers in South Africa were introduced in Apr...

    • Langa Residents Turn Dumpsites Into Thriving Veggie Gardens

      [imagesource:groundup/tarirowashinyira] Residents of the infamous N2 Gateway Social Hou...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo