New Jersey Case Could Set limited Precedent for Bitcoin companies

Though we have only hints at what regulation could result from last month’ s NYDFS hearing in New York, users of both sides largely concur the dialogue did a lot to improve relations between New York regulators and the bitcoin local community.

Despite the actions forward, however, recent activities taken by the state’ h southern neighbor New Jersey suggest that US law enforcement is going the extra mile to try and prevent any possible bitcoin threats, no matter how suspicious.

In a questionable move, the New Jersey Division of Consumer Affairs issued the subpoena this December towards Jeremy Rubin, a 19-year-old bitcoin developer and durch student, who, along with 3 other students, has created an innovative computer code called piece.

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