Bitcoin Users Under Investigation by New York State Regulators

[BarryDonegan]

http://silverunderground.com/2013/08/bitcoin-users-under-investigation-by-new-york-state-regulators/

"New York’s state-level financial regulator has issued a round of subpoenas to a 'who’s who' of high-profile Bitcoin professionals and supporters, citing the need to begin regulating the untraceable digital cryptocurrency, despite obvious technological roadblocks. State employees allege that Bitcoin could be used by 'criminals' to engage in black market transactions, despite the fact that there is no real way to prevent Federal Reserve Notes from being used to purchase contraband. Why are Bitcoin professionals being subpoenaed in the absence of any specific accusations of wrongdoing?"

[Warrior_of_Freedom]

oh noes a form of currency the government can't control and exploit.

[CPUd]

These are the companies that got subpoenaed:

BitInstant
BitPay
Coinabul
Coinbase Inc.
CoinLab
Coinsetter
Dwolla
eCoin Cashier
Payward, Inc.
TrustCash Holdings Inc.
ZipZap
Butterfly Labs
Andreesen Horowitz
Bitcoin Opportunity Fund
Boost VC Bitcoin Fund
Founders Fund
Google Ventures
Lightspeed Venture Partners
Tribeca Venture Partners
Tropos Funds
Union Square Ventures
Winklevoss Capital Management


This may have something to do with it:
http://ia600904.us.archive.org/35/items/gov.uscourts.txed.146063/gov.uscourts.txed.146063.23.0.pdf

[luctor-et-emergo]

http://silverunderground.com/2013/08/bitcoin-users-under-investigation-by-new-york-state-regulators/
State employees allege that Bitcoin could be used by 'criminals' to engage in blackfree market transactions, despite the fact that there is no real way to prevent Federal Reserve Notes from being used to purchase contraband. Why are Bitcoin professionals being subpoenaed in the absence of any specific accusations of wrongdoing?"

Fixed it.

[tangent4ronpaul]

These are the companies that got subpoenaed:

BitInstant
BitPay
Coinabul
Coinbase Inc.
CoinLab
Coinsetter
Dwolla
eCoin Cashier
Payward, Inc.
TrustCash Holdings Inc.
ZipZap
Butterfly Labs
Andreesen Horowitz
Bitcoin Opportunity Fund
Boost VC Bitcoin Fund
Founders Fund
Google Ventures
Lightspeed Venture Partners
Tribeca Venture Partners
Tropos Funds
Union Square Ventures
Winklevoss Capital Management


This may have something to do with it:
http://ia600904.us.archive.org/35/items/gov.uscourts.txed.146063/gov.uscourts.txed.146063.23.0.pdf

How AWESOME of the state to send these companies FREE TP!!!! :D

-t

[amy31416]

I know of at least one connection a NY politician has with a person who's a Bitcoin "player."

Have to see how this plays out.