Re: I'm From The Government And I'm Here To Help You!: New York To Control Bitcoin
It sounds more like they are "controlling" centralized fiat exchanges instead of Bitcoin, but don't let that stop a sensationalist title.
Sorry, Charlie, we accept only the finest tuna and your post is not it!
New York regulations would cover all exchanges, no matter where they are located because if the exchanges wanted to do any business at all in New York, including sending or receiveing fiat or crypto, the exchanges would have to conform to New York law.
My $.02.
Again, you are still talking about centralized fiat exchanges, not Bitcoin.
"The lack of any regulatory control or oversight of Bitcoins has triggered concerns on various fronts."
I may be misunderstanding that sentence from the article, so perhaps you could better explain to me just what it means.
My $.02.
It means they are concerned. That's a far cry from "NewYork to control Bitcoin".
They are probably concerned because they realize that they can't control it, so they will go after what they can control, centralized fiat exchanges.
New York has no power over anything. Cannabis is illegal here in New York City, but guess what I'm smoking as I type this? They can pass all the laws they want, good luck enforcing them.
Cryptocurrency in the near future will begin moving away from centralized exchanges anyway, as they are a weakness.