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July 17, 2014 Associated_Press http://bigstory.ap.org/article/new-york-proposes-regulations-virtual-currency

Press

Associated Press: New York Proposes Regulations for Bitcoin

July 17, 2014


“The currency exchange itBit said it intended to fully comply with regulations and said it applauded New York's ’thoughtful and transparent approach.’” -- Michael Virtanen, Associated Press


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Bitcoin trading involves a high degree of risk. The bitcoin market is new and unproven and may not grow. Currently, there is relatively small use of bitcoin in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in bitcoin. In order to participate in the trading of bitcoin, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin.