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Viva La Crypto • November 20-21, 2018

 Viva La Crypto is the first and biggest event in Mexico about blockchain technology and cryptocurrencies, more than 40 sponsors…

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Tag: BitLicense

NYDIG Gets Crypto License from New York Regulators

Category: Bitcoin, Blockchain, Exchange, Finance, News, Platform

NYDIG Gets Crypto License from New York Regulators

The New York State Department of Financial Services (DFS) has issued a new BitLicense to the New York Digital Investment Group (NYDIG), allowing it to offer crypto-related services in the state, according to an official DFS announcement published on November 14, 2018. Digital Investment Group Acquires New York BitLicense The New York State Department of Financial Services (DFS) has granted…

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Coinsource, Inc. Granted Virtual Currency License by New York Regulators

Category: Bitcoin, Business, Finance, News, Regulation

Coinsource, Inc. Granted Virtual Currency License by New York Regulators

Coinsource, Inc., a leading bitcoin teller machine (BTM) operator, has become the first of such firms in the world to be granted the infamous New York BitLicense, according to a press release by the New York State Department of Financial Services (DFS) on November 1, 2018. Coinsource Gets DFS Greenlight Coinsource, a BTM operator that handles 40 bitcoin kiosks in…

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Bitcoin Payments Processor BitPay Granted BitLicense

Category: Bitcoin, Blockchain, Ethereum, News, Regulation

Bitcoin Payments Processor BitPay Granted BitLicense

After being criticized by the bitcoin community for its overly draconian nature, it appears the New York authorities are now ready for serious business. U.S.-based bitcoin payments processor BitPay has been granted the BitLicense, making it the eighth cryptocurrency related business to gain the New York Department of Financial Services (NYDFS) approval in three years. Joining the Crypto Elite Global bitcoin…

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Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense

While many have criticized the New York authorities over the draconian nature of their BitLicense regulation, it appears the NYDFS has seen reasons to soften its requirements a bit to make it easier for more companies to receive the permit. Now, creators of the Square bitcoin app have been granted BitLicense  – making it the seventh company to receive the…

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Shapeshift CEO: The “Time Has Come” for Cryptocurrencies

Category: Altcoins, Bitcoin, Business, Finance, News, Tech

Shapeshift CEO: The “Time Has Come” for Cryptocurrencies

Erik Voorhees, CEO of cryptocurrency exchange Shapeshift, called on finance industry regulators to embrace cryptocurrencies as a competition to the existing financial system, instead of viewing the asset class as a threat to be controlled.  “Most Regulation Is Superfluous” In an interview with Bloomberg, Voorhees spoke on a range of issues within the cryptocurrency sector, including regulation, competition and the future…

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Genesis Global Trading Joins the League of Bitcoin Businesses Granted New York BitLicense

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Genesis Global Trading Joins the League of Bitcoin Businesses Granted New York BitLicense

Genesis Global trading, a reputable cryptocurrency brokerage that services institutional investors and high caliber bitcoin investors have finally succeeded where many firms have failed. The Digital Currency Group-backed firm is now one of five crypto-related businesses to have been granted the New York BitLicense, the others being Coinbase, bitflyer, and Circle Genesis Cracks the BitLicense Hard Nut Thursday, May 17,…

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BitLicense Discussion (Pt.2): “Regulation Kills Innovation in NY Bitcoin Space!”

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

BitLicense Discussion (Pt.2): “Regulation Kills Innovation in NY Bitcoin Space!”

The cryptocurrency community has long criticized BitLicense as a harmful law that destroyed bitcoin and related businesses in the state of New York. The New York Department of Financial Services (NYDFS) released the document in July 2015 to regulate crypto activity in the state, but its unveiling also meant that many startups moved their operations out of New York. NYDFS Superintendent Hails…

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Issuing BitLicense Boosted Business, Says Head Of New York Finance Services

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Issuing BitLicense Boosted Business, Says Head Of New York Finance Services

In a bid to maintain its position as one of the initial regulators of digital currency, the New York State Department of Financial services is taking specific steps. With the introduction of the blockchain-focused BitLicense in August 2015, Mario Vullo, the superintendent of NYDFS, displayed her agency’s contribution towards the maturity of the digital currency space. On April 10 2018,…

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New York Bitcoiners Move to Abolish Draconian BitLicense Regulation

Category: Bitcoin, Business, News, Regulation

New York Bitcoiners Move to Abolish Draconian BitLicense Regulation

While bitcoin and cryptocurrency regulation is essential, it’s also very important to draft these guidelines in a way that will be for the good of all. However, in recent times, most regulatory authorities have formed a bad habit of creating oppressive laws that do nothing but stifle the growth of the digital currency industry. One of such laws is New…

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Op-Ed: New York’s Pathetic Attempt to Regulate Crypto

Category: Commentary

Op-Ed: New York’s Pathetic Attempt to Regulate Crypto

My friend D.C. sent this message to a group of us Bitcoiners through a messaging app while visiting N.Y. recently, “I’m in New York and just tried to log onto ShapeShift. This is what I got (on my computer screen).” “CENSORED IN NEW YORK This service is censored in New York State due to regulations which mandate the extraction of…

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