N.Y. Regulator Subpoenas Firms Over Bitcoin Crime Risks

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N.Y. Regulator Subpoenas Firms Over Bitcoin Crime Risks

by Wochit 1:03 mins

N.Y. Regulator Subpoenas Firms Over Bitcoin Crime Risks

by Wochit 1:03 mins

According to a source familiar with the matter, Benjamin Lawsky, New York's top banking regulator sent subpoenas to 22 digital-currency companies, including BitInstant and Dwolla, to determine whether new regulations should be adopted to govern the emerging industry, Stocks are slipping in early trading on Wall Street after Japan's economic growth came in weaker than analysts had expected. The New York City Police Department's controversial "stop and frisk" crime-fighting tactics violate the U.S. Constitution, a federal judge ruled. Freddie Mac,the No. 2 U.S. home funding company,said it will sell $2.0 billion of reference bills.The company said it plans to sell $1.0 billion of three-month bills due November 12, 2013, and $1.0 billion of six-month bills due February 10,2014.

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