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Exemption for services that do not control keys #12

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Exemption for services that do not control keys #12

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Exemption for services that do not control keys
markdavidlamb Jul 19, 2014
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Update README.md
markdavidlamb Jul 22, 2014
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2 changes: 2 additions & 0 deletions README.md
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Expand Up @@ -105,6 +105,8 @@ For purposes of this Part only, the following definitions shall apply:

2. merchants and consumers that utilize Virtual Currency solely for the purchase or sale of goods or services.

3. Persons that do not maintain control or custody of the private keys or the necessary number of keys needed to sign a bitcoin transaction for their clients.

*Statutory Authority: Financial Services Law, sections 102, 201, 301, and 302*

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