New York’s Bitcoin Hub Dreams Fade With Licensing Backlog

By Timothy Sohn Oct 31, 2016 8:25 PM EST

(Reuters) – New York’s financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency’s chief left, putting a licensing process in limbo and allowing rivals to catch up.

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