Comment Some of their suggestions (Score 1) 172
New York is looking at requiring 100% + holding of any deposits made to a company that holds the crypto currency, like an exchange. The wording they used is amusing : "As capital protection, these companies would have to hold the same amount of virtual currency as they owed to their customers. But unlike banks, which are also subject to capital requirements, these companies would be allowed to hold some of it in virtual currency. "
I like how at first pass it sounds like banks hold 100% also