Statistics: NYDFS has approved 18 BitLicense applications, and 8 have been issued this year

According to The Block, the New York State Financial Services Department (NYDFS) just approved the 18th BitLicense application this week, and this year is the 8th. In 2018, NYDFS issued 6 BitLicenses. BitLicense came into effect in June 2015 and immediately caused criticism that it was too invasive, tedious and expensive, especially for small companies. In addition to the $ 5,000 (non-refundable) application fee, the entire process will cost the company up to $ 100,000.