Disturbing Bitcoin News: The Digital Asset Transfer Authority.

Not only is new pressure on Bitcion activities coming from the Sate of NYa and the federal government, but players withing the Bitcoin arena are attempting to regulate the industry. Activist Post reports:

 Bitcoin entrepreneurs are attempting to set up their own digital currency regulatory body called DATA - the Digital Asset Transfer Authority.

The committee for DATA will "work proactively with regulators and policymakers to adapt their requirements to our technologies and business models," the group said in an announcement late last month.

"We must develop and implement common risk management and compliance standards that address the public policy concerns associated with our businesses. And our firms must build risk management and compliance programs that meet those standards," it added.

This is extremely disturbing, as such organizations tend to end up being controlled by the strongest players, who then end up playing footsie with government, which ultimately results in regulations that prevent smaller players from entering the sector.

List of Companies Subpoenaed by the New York State Department of Financial Services With Regard to Bitcoin

BitInstant
BitPay
Coinabul
Coinbase Inc.
CoinLab
Coinsetter
Dwolla
eCoin Cashier
Payward, Inc.
TrustCash Holdings Inc.
ZipZap
Butterfly Labs
Andreesen Horowitz
Bitcoin Opportunity Fund
Boost VC Bitcoin Fund
Founders Fund
Google Ventures
Lightspeed Venture Partners
Tribeca Venture Partners
Tropos Funds
Union Square Ventures
Winklevoss Capital Management