Tag Archives: subpoena
Top Bitcoin News Last Week: New York Subpoena, Senate Inquiry, Android
Bitcoin News
A roundup of the top Bitcoin news from August 12 to August 18:
Tuesday, August 13
Wednesday, August 14
Thursday, August 15
Friday, August 16
Saturday, August 17
22 Bitcoin Companies Issued Subpoena by New York Department of Financial Services
22 Companies Called to New York to Answer Questions about Bitcoin
The New York State Department of Financial Services has subpoenaed 22 companies in an effort to better understand the uses and implications of alternative currency Bitcoin.
“If virtual currencies remain a virtual Wild West for narcotraffickers and other criminals, that would not only threaten our country’s national security, but also the very existence of the virtual currency industry as a legitimate business enterprise,” said Benjamin M. Lawsky, Superintendent of Financial Services, in a release. “We believe that – for a number of reasons – putting in place appropriate regulatory safeguards for virtual currencies will be beneficial to the long-term strength of the virtual currency industry.”
Forbes published a list of 22 companies that were subpoenaed due to their involvement in Bitcoin.
- 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
Below is the full release providing context on the subpoena.
CC image by wallyg