Can New York’s BitLicense Prevent Another Mt. Gox Catastrophe

Can New York’s BitLicense Prevent Another Mt. Gox Catastrophe

The release of proposed digital currency business regulations by the New York Department of Financial Services (NYDFS) has raised numerous questions, many of which focus on the threat to innovation in the space and the impact on broader adoption. Yet one question that may be worth considering is this: will these regulations stop another Mt. Gox catastrophe?