New York’s stock market is trading on the heels of a major bitcoin boom.
Here’s how to buy and resell.
The cryptocurrency, which trades for around $50, has gained attention from investors seeking ways to bypass the traditional trading channels for stocks, but regulators have struggled to keep up.
The New York State Department of Financial Services (DFS) has issued new guidance for the digital currency, including new limits on how much of the cryptocurrency can be traded and how much stock exchanges have to pay to handle trades.
New York Stock Exchanges, which allow users to buy, sell and trade bitcoin, are permitted to trade on an initial public offering (IPO) that typically requires a 10-day public offering.
The IPO is the first step for the IPO, which typically involves raising money from investors.
But the state is taking a much more aggressive approach to the bitcoin market, pushing regulators to close bitcoin exchanges in 2017 and then in 2019.
The state is considering regulating bitcoin transactions and transferring assets, including bitcoins, to state-issued accounts, the agency said in a document that went public on Monday.
New York was the first state to approve a bitcoin exchange in April.
New exchanges have become increasingly popular in recent months, with one trading at $4,200 per bitcoin, according to CoinDesk.
The agency also has approved the issuance of shares in the company Coinbase, the bitcoin exchange that has become a major player in the market.
The bitcoin exchange Coinbase has grown in size and popularity.
In May, the company announced it was planning to raise $250 million in funding, which it said would enable it to expand its trading platform to include bitcoin.
New funds are currently flowing into the bitcoin marketplace and will continue to do so, Coinbase said in September.
The company said that by 2020, it plans to raise another $300 million.
A company spokeswoman said the money will be used to expand bitcoin trading across the U.S.