What is bitcoin & how is it used in New York?
Could you elaborate on the concept of Bitcoin and its practical applications in the financial landscape of New York? I'm particularly interested in understanding how this digital currency functions, its underlying technology, and the various ways it is being utilized by individuals and businesses in the Big Apple. Additionally, I'd like to know if there are any specific regulations or policies governing the use of Bitcoin in New York and how it fits into the city's financial ecosystem. Your insights would be invaluable in helping me gain a comprehensive understanding of this emerging technology and its implications for the financial sector.