BitLicense News

Genesis Global Trading has settled with New York’s Department of Financial Services after the regulator filed a $1 billion lawsuit in October 2023. 

Gavin Newsom, the Governor of California, vetoed the state's BitLicense bill for crypto licensing saying states need a more flexible approach toward crypto regulation.

The Californian Assembly has endorsed a bill that seeks to regulate California’s crypto sector. According to reports, the bill would require crypto firms to obtain a license. Meanwhile, the bill was approved by a vote of 71-0. However, Governor Gavin…

The Mayor of New York City has taken a swipe at his state's cryptocurrency licensing rule, asserting that it stifles innovation and economic progress in the city.

Bitcoin futures trading platform (BTC), Bakkt has been awarded the coveted BitLicense by the New York State Department of Financial Services (DFS).  This development was announced by the Financial Services Superintendent Linda A Lacewell in a press release on Thursday.…

The New York State Department of Financial Services (NYDFS) is proposing a Conditional BitLicense to make it easier for crypto firms to operate in the state. In addition, the New York financial regulator issued new guidelines for coins listing.  New…

The New York State Department of Financial Services (NYDFS) granted its BitLicense and money transmitter license to Eris Clearing LLC, the clearing and settlement division of ErisX. ErisX Clearing LLC Now Licensed Money Transmitter ErisX announced the news of the…

The New York Department of Financial Services (NYDFS), the state’s financial watchdog, is hatching plans to review the highly controversial BitLicense regulation and possibly “relax” it a bit to lower the high barrier for entry. The agency says it’s looking…

Seed CX, a regulated bitcoin trading platform for professionals, has achieved a significant feat in its development, as two of its subsidiaries, Seed Digital Commodities market LLC (SCXM) and Zero Hash LLC, have obtained virtual currency licenses from the New…

On April 10, 2019, the New York Department of Financial Services (NYDFS) rejected Bittrex cryptocurrency exchange’s application seeking the coveted BitLicense. The BitLicense would have allowed the exchange to operate in one of the world’s most significant financial hotspots. Application…

The New York Department of Financial Services (NYDFS) has granted its nineteenth BitLicense to Bitstamp USA, a subsidiary of Bitstamp, the department announced on April 9, 2019. New Members In the first quarter of 2019, several firms were granted the…

Kraken, a leading American Bitcoin trading platform and cryptocurrency exchange, have been slapped with a lawsuit by a former employee, Jonathan Silverman, who claims the seminal exchange has reportedly refused to pay the $900,000 due to him, according to a…

Tagomi Trading is the latest firm to get approved for a virtual currency license by the New York State Department of Financial Services (DFS), as announced on March 27, 2019. Welcome to the Club By receiving this license, Tagomi is…

Cottonwood, a Bitcoin ATM operator, has confirmed in a January 31, 2019 tweet that they have received a virtual currency license from the state of New York. A License to Sell Cottonwood Vending LLC has gotten 2019 off to a…

Robinhood Markets Inc.,  a U.S.-based financial services firm that claims to offer clients no-fee stocks and cryptocurrency trading and LibertyX,  a platform that makes it easy for people to buy bitcoin with cash via its Bitcoin ATMs, have both been…

The price of bitcoin traded sideways in the first few days of 2019. The price fluctuated between $3,707 and $3,947 and closed the week effectively unchanged versus last week’s close. As expected, news flow over New Year’s was muted as…