New York banking regulators are expected to release new rules this week governing Bitcoins and other virtual currencies.
Many think virtual currencies--sometimes called crypto-currencies--will soon revolutionize financial services, but until now they have been largely unregulated.
New York State is about step into this regulatory void. Within days, the Department of Financial Services will issue far-reaching rules focusing on three things: consumer protection, cyber security, and anti-money laundry rules.
Connecticut Governor Dannel Malloy announced Wednesday that nearly 3 million dollars will be included in the next State Bond Commission agenda, for the engineering and design of a new train station in Bridgeport. That funding will almost certainly be approved.
An app that helps doctors keep in touch with patients in Uganda, another that helps teachers keep up with technology in Zambia, and a website that tells the stories of Rwandan genocide survivors. These are just some of the businesses that have been developed by a group of young African entrepreneurs, sought out by President Obama. The entrepreneurs are part of the president’s Young African Leaders Initiative – in which 500 hundred sub-Saharan Africans between the ages of 25 and 35 have been brought to study at US universities this summer.
A former embattled Fairfield County anti-poverty agency will face creditors in bankruptcy proceedings Thursday morning. The defunct agency owes upwards of $3.500,000 but only has assets of less than $500,000. Among the largest debts are nearly $950,000 to Coventry Health and Life Insurance Company and more than $600,000 to the Connecticut Department of Labor.