Articles of Bitlicense

New York On Its Way To Becoming A Hub Of New Crypto Businesses

Cryptocurrency was treated by many as a technological wildcard for a number of years. Many didn’t fully understand it, and even more doubted its long-term value. At this point however, it’s fair to say that cryptocurrency has gained greater legitimacy. The value of the more noteworthy cryptos has sustained itself at a reasonably high level […]

New York Department of Financial Services (NYDFS) plans to update BitLicense terms for the first time in 5 years, currency exemption list + listing template

The New York Department of Financial Services (NYDFS) plans to update the terms of its virtual currency license for the first time in 5 years. Image source: Pixabay NYDFS has published proposed guidelines on the adoption or issuance of virtual currencies on its website on December 11, inviting all interested parties and the public to […]

New York regulator NYDFS issues SoL's virtual currency trading license BitLicense, giving consumers more options

The New York State Department of Financial Services (NYDFS) revealed in a statement on December 3 that California-based financial company SoFi has obtained a BitLicense license from the regulator. Image source: Pixabay Since BitLicense was officially launched in 2015, 24 crypto-related companies have obtained this license, and SoFi is now one of them. Specifically, SoFi […]

New York Financial Services Agency: Why do we refuse to issue BitLicense to Bittrex

Translator's Note: The author of this article, Shirin Emami, is the Executive Deputy Director of Banking at the New York Financial Services Agency (NYDFS). In the article, it pointed out that the US exchange Bittrex had problems with transaction monitoring, customer identity and currency, so the regulator refused to issue BitLicense to the exchange. After […]

Is New York the benchmark for exchange compliance? The 19th BitLicense is released, and compliance supervision steps into the fast lane.

Bitstamp, Europe's largest cryptocurrency exchange, is now officially able to conduct cryptocurrency trading services in New York, USA. The exchange has just received a BitLicense license from the New York Financial Services Authority (NYDFS), making it the 19th company to receive this license. The exchange is permitted to provide Bitcoin, Litecoin, Bitcoin Cash, Ethereum and […]