NY investigates virtual money to stem criminal use

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Posted: Monday, August 12, 2013 12:00 am

ALBANY, N.Y. (AP) - 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.

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