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Tag: NYDFS

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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