Today marks five years of the BitLicense, the controversial crypto safety rail enacted by New York State’s top financial watchdog. In half a decade only 25 licenses have been doled out, including two ...
As Benjamin Lawsky, then the head of the New York State Department of Financial Services (NYDFS), was readying his cryptocurrency business licensing regime in October 2014, he told a group of law ...
WASHINGTON — The New York licensing process for virtual currency companies is stoking fears that firms which do apply could inadvertently open themselves up to prosecution. The first wave of virtual ...
Since the New York State Department of Financial Services (NYDFS) launched its new means of regulating companies operating in the cryptocurrency industry, BitLicense, eight months ago in June 2015, ...
In June 2015, the New York State Department of Financial Services (NYDFS) established a new regulatory process for firms working in the cryptocurrency space. Applying for a so-called BitLicense ...
When the BitLicense was introduced in 2015, 15 crypto firms including international players like Hong Kong’s Bitfinex and Swiss company ShapeShift (which operates out of Denver) ceased operations in ...
Lawsky’s reasoning was simple: New York had placed itself at the “forefront” of a new era in crypto oversight. With this BitLicensehttps://www.dfs.ny.gov/docs ...
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