Lawsky Says ‘So Be It’ If Transparency Harms Bitcoin
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New York’s top banking overseer said any regulation of the nascent Bitcoin industry has to include transparency on who does the trading of the virtual currency, and if that hurts a business dominated by anonymous transactions, “so be it.”
Benjamin Lawsky, superintendent of New York’s Department of Financial Services, said he doesn’t have an opinion about the viability of Bitcoin as a digital currency. In an interview with Bloomberg editors and reporters, he said his primary concern involved adding anti-money-laundering safeguards.