The Winklevoss Twins Will Headline New York State’s Bitcoin Hearings

winklevoss23 Jan 2014 / Business Insider – The Winklevoss Twins will headline the first of two days of hearings on digital currencies convened by the New York Department of Financial Services.

The twins’ Bitcoin Trust, an ETF fund that would track the price of Bitcoin-related securities, is still under regulatory review.

Last April, the twins announced they owned $11-million worth of Bitcoin, when the price was $120. The price is now $950 on the Mt. Gox exchange meaning their holdings are now worth about $55 million.

The hearings will be more of a discussion about the role of digital currencies, similar to the ones that took place in the U.S. Senate in November, than a formal inquiry. DFS head Ben Lawsky has previously discussed creating special merchant licenses for New York businesses that rely on Bitcoin….. Read more

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