Why subpoenas if they just want dialogue? Seems heavy handed. And will the market react?
NY regulator issue subpoenas to firms tied to Bitcoin: WSJ
(Reuters) - New York's top banking regulator has issued subpoenas to several companies associated with Bitcoin as part of an inquiry into business practices of the virtual currency industry, the Wall Street Journal reported, citing people familiar with the matter.
The subpoenas issued by the New York Department of Financial Services (DFS) seek information on antimoney laundering programs, consumer protection measures and investment strategies among other topics, the Journal said.
Companies that received subpoenas include Coinbase Inc, BitInstant and Coinsetter, the newspaper said.
http://www.reuters.com/article/2013/08/12/us-digitalcurrency-subpoena-bitcoin-idUSBRE97B03720130812
Topic: NY regulator issue subpoenas to firms tied to Bitcoin: WSJ - page 2. (Read 2533 times)
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