New York's bitcoin hub dreams fade with licensing backlog

NEW YORK (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.

from Reuters: Technology News http://ift.tt/2eKRvYJ