Bitcoin faces pressure over slow transactions
The New York Department of Financial Services has launched an investigation of digital currencies such as Bitcoin, on service-level and money-laundering concerns
Bitcoin's steps towards acceptance may run into problems because of transaction speed, with two recent regulatory moves both opening the decentralised digital currency up to criticism of the time taken to process sales.
The New York Department of Financial Services (DFS) announced last week that Bitcoin providers might have to register as money transmission companies – and lodge collateral with regulators.
Benjamin Lawsky, the superintendent of financial services, said that, based on the DFS's
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