N.Y. investigates virtual money to stem criminal use

ALBANY, N.Y. • New York is trying to corral the “Wild West” atmosphere of virtual currencies such as Bitcoin and may create new regulations to keep the growing technology from being used in crimes. Financial Services Superintendent Benjamin Lawsky’s inquiry is confirmed in a memo provided to The Associated Press on Monday. “We have seen instances where the cloak of anonymity provided by virtual currencies has helped support dangerous criminal activity, such as drug smuggling, money laundering, g...

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