N.Y. AG’s scrutiny of cryptocurrencies unlikely to stymie a thriving industry

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Computerworld - https://www.computerworld.com/article/3269185/blockchain/ny-ags-scrutiny-of-cryptocurrencies-unlikely-to-stymie-a-thriving-industry.html#tk.rss_all

States and the federal government are increasing their scrutiny of cryptocurrencies in an attempt to bring more transparency to a market where buyers and sellers are anonymous and regulatory oversight is light.

Cryptocurrencies such as Bitcoin, Ether, LiteCoin, and Ripple skyrocketed in value last year as investors sought to get in on what many see as the future of global currency – one that for trade and commerce knows no borders. Bitcoin generated massive hype among investors as its value surged more than 1,900% to nearly $20,000 last year, before tumbling back down below $11,000.

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