The bitcoin world was abuzz this week after New York's top financial regulator announced a proposal to create a licensing process that might make it easier for small digital currency startups to enter the market.
During a speech at the Money20/20 conference Tuesday in Las Vegas, New York Superintendent of Financial Services Benjamin Lawsky said his office might establish two levels of licenses to regulate the digital currency industry, according to national media reports.
In addition to a specialized BitLicense for more established businesses, New York might offer a transitional BitLicense with lighter regulatory requirements for start-up companies, Lawsky said.
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