This is a good sign.
Bitcoin is taken seriously and they are already thinking about possible regulation!
Just to make sure that when this industry takes off the US will be part of it and not lagging behind!
+ 1
Like it or not, regulation is what's going to take bitcoin mainstream, and is therefore, very bullish.
Hmm... Yes, but this is the Department of Financial Services of
New York and...
The New York Stock Exchange, located on Wall Street, and the NASDAQ are the world's first and second largest stock exchanges, respectively, when measured by average daily trading volume and overall market capitalization.[21]
Financial services account for more than 35 percent of the city's employment income.[22]
New York City has been a leading center of finance in the world economy since the end of World War I.[23]
As of August, 2008 the city's financial services industry employs 344,700 workers.[24]
Manhattan is home to six major stock, commodities and futures exchanges:
American Stock Exchange, International Securities Exchange, NASDAQ, New York Board of Trade, New York Mercantile Exchange, and New York Stock Exchange.
This contributes to New York City being a major financial service exporter, both within the United States and globally.
The 344,700 workers in the finance industry collect more than half of all the wages paid in Manhattan, although they hold fewer than one of every six jobs in the borough.
The pay gap between them and the 1.5 million other workers in Manhattan continues to widen, causing some economists to worry about the city’s growing dependence on their extraordinary incomes.I'd say NYC is probably the one place that has the most to fear from Bitcoin out of all the cities in all the world.
