Banking on Bitcoin

Bitcoin blockchain technology

Thanks to Financial Institutions, Bitcoin is Gaining Acceptance

It has been one year since New York State issued its first license for the operation of a virtual currency firm in that state. The intended goal of such licensure is consumer protection, enforcement of anti-money laundering (AML) statutes, and overall cyber-security. Other states have proposed their own regulation of virtual currencies, and several global banks have joined in developing electronic ledger technology upon which it is based. The once-eschewed Bitcoin seems to have come of age.

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