20131125-Have States’ Efforts To Regulate Virtual Currencies Run Amok?

New York isn’t alone in trying to ward off potential misuse of the growing array of virtual currencies forming and attracting the attention of miscreants – other states also are updating their money transmitter laws to bring them into the 21st century. But aren’t FinCEN’s actions calling for companies offering virtual currencies to comply with federal money transmitter laws enough?

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New York isn’t alone in trying to ward off potential misuse of the growing array of virtual currencies forming and attracting the attention of miscreants – other states also are updating their money transmitter laws to bring them into the 21st century. But aren’t FinCEN’s actions calling for companies offering virtual currencies to comply with federal money transmitter laws enough?