BitLicense News

BitLicense is a business license of virtual currency activities issued by the New York State Department of Financial Services. It is given to companies which work with residents of New York and conduct operations with cryptocurrencies. It came into effect on August 8, 2015, and immediately became a point of controversy. At least ten Bitcoin companies have challenged the State Department's authority when trying to define and regulate cryptocurrencies, and have ultimately ceased all their operations in New York.

In Wake Of Global Cyberattacks, Calls For Bitlicensing Grow

MAY 27, 2017 | Guest Author

Pressure grows on global governments to issue Bitcoin licenses to manage the cryptocurrency-related concerns.

21529 | 21

EFF Opposes California's Impractical Bitcoin Regulation BitLicense

MAY 04, 2017 | Joseph Young

The Electronic Frontier Foundation (EFF), the leading non-profit organization defending civil liberties in the digital world since 1990, is opposing California’s impractical Bitcoin regulation proposed as A.B. 1123.

7444 | 2

Why BitLicense Case Should Not Be Dismissed

MAY 03, 2017 | Olusegun Ogundeji

The executive director of Bitcoin Foundation does not want the pending case between Theo Chino and the New York Department of Financial Services in favor of the NYDFS for one reason.

7237 | 1

Bitcoin Foundation Backs “Final Opportunity” To Get New York’s BitLicense Thrown Out

APR 11, 2017 | Olusegun Ogundeji

Bitcoin Foundation supported a legal challenge by Theo Chino to throw out BitLicense.

1630 | 3

Theo Chino: NY Authorities Are Using Bitcoiners in New York as Guinea Pigs

NOV 11, 2016 | Frisco d'Anconia

A Bitcoin Entrepreneur and Software Developer, Theo Chino has accused the New York Department of Financial Services of using Bitcoiners in New York State as Guinea Pigs.

138 | 1

Eight Months Since BitLicense’s Inception, Only One License Has Been Granted

MAR 25, 2016 | Charlie McCombie

The Bitcoin company regulation programme, BitLicense, has only granted one license in the eight months since its inception.

48

Bitcoin Exchange LZF Legally Launches in 49 States, Excluding New York

SEP 16, 2015 | Joseph Young

US-based bitcoin exchange Laissez Faire (LZF) has legally launched its currency trading platform across 49 states by complying with the financial regulations of each state, to provide its users with an incentivized trading environment.

87

California's Version of New York's Infamous ‘BitLicense’ Defeated in State Legislature

SEP 16, 2015 | Evander Smart

Just weeks after New York officially drove several major Bitcoin businesses out of the state through regulation California chose a freer path forward for digital currency in The Golden State.

20

David Seaman: ‘Stop Competing and Just Make Everything Interoperable’

AUG 23, 2015 | Allen Scott

CoinTelegraph caught up with independent journalist and podcast host David Seaman to talk about the Bitcoin blocksize debate, BitLicense exodus, altcoins and gaming, as well as what bitcoin needs to break out of its current price slump.

12 | 1

Bit-Exodus Continues: Remittance Service Rebit and Cloud Miner Genesis Mining Leave New York

AUG 15, 2015 | Aaron van Wirdum

In an ongoing trend of Bitcoin companies withdrawing their services from New York in response to the BitLicense, two more businesses have exited the Empire State.

10

LocalBitCoins Stops Service for New York Residents

AUG 13, 2015 | Evander Smart

Peer-to-peer bitcoin exchange LocalBitCoins has joined the exodus of companies exiting the state of New York refusing to comply with the BitLicense.

140

Escape from New York: Kraken & Paxful Join ‘Bit-Exodus’

AUG 10, 2015 | Evander Smart

The deadline for mass exodus of Bitcoin companies from New York due to the authorities’ infamous BitLicense regulations has culminated over the weekend with the exit of several prominent companies such as Kraken and Paxful

70

BitFinex Exits New York due to BitLicense

AUG 09, 2015 | Joseph Young

Another bitcoin startup left New York State and declined to comply with the BitLicense. BitFinex, the largest cryptocurrency trading platform in the U.S announcing the closure of their operations

17

AUG 3 DIGEST: Mark Karpelès Admits to Tweaking MtGox Account; Overstock Sells US$5m Cryptobond

AUG 03, 2015 | Aaron van Wirdum

Mark Karpelès is believed to have manipulated his own account on the bitcoin exchange by millions of dollars Overstock has sold a US$5 million “cryptobond” to New York-based trading firm FNY Managed Accounts, and more news

9

Former NYDFS Superintendent Benjamin Lawsky Denies BitLicense Cronyism Allegations

JUL 30, 2015 | Aaron van Wirdum

Benjamin Lawsky denied allegations from the Bitcoin community suggesting he created the BitLicense as a setup for his newly established legal firm, The Lawsky Group.

53

In Wake Of Global Cyberattacks, Calls For Bitlicensing Grow

MAY 27, 2017 | Guest Author

Pressure grows on global governments to issue Bitcoin licenses to manage the cryptocurrency-related concerns.

21529 | 21

EFF Opposes California's Impractical Bitcoin Regulation BitLicense

MAY 04, 2017 | Joseph Young

The Electronic Frontier Foundation (EFF), the leading non-profit organization defending civil liberties in the digital world since 1990, is opposing California’s impractical Bitcoin regulation proposed as A.B. 1123.

7444 | 2

Why BitLicense Case Should Not Be Dismissed

MAY 03, 2017 | Olusegun Ogundeji

The executive director of Bitcoin Foundation does not want the pending case between Theo Chino and the New York Department of Financial Services in favor of the NYDFS for one reason.

7237 | 1

Bitcoin Foundation Backs “Final Opportunity” To Get New York’s BitLicense Thrown Out

APR 11, 2017 | Olusegun Ogundeji

Bitcoin Foundation supported a legal challenge by Theo Chino to throw out BitLicense.

1630 | 3

Theo Chino: NY Authorities Are Using Bitcoiners in New York as Guinea Pigs

NOV 11, 2016 | Frisco d'Anconia

A Bitcoin Entrepreneur and Software Developer, Theo Chino has accused the New York Department of Financial Services of using Bitcoiners in New York State as Guinea Pigs.

138 | 1

Eight Months Since BitLicense’s Inception, Only One License Has Been Granted

MAR 25, 2016 | Charlie McCombie

The Bitcoin company regulation programme, BitLicense, has only granted one license in the eight months since its inception.

48

Former NYDFS Superintendent Benjamin Lawsky Denies BitLicense Cronyism Allegations

JUL 30, 2015 | Aaron van Wirdum

Benjamin Lawsky denied allegations from the Bitcoin community suggesting he created the BitLicense as a setup for his newly established legal firm, The Lawsky Group.

53

David Seaman: ‘Stop Competing and Just Make Everything Interoperable’

AUG 23, 2015 | Allen Scott

CoinTelegraph caught up with independent journalist and podcast host David Seaman to talk about the Bitcoin blocksize debate, BitLicense exodus, altcoins and gaming, as well as what bitcoin needs to break out of its current price slump.

12 | 1

LocalBitCoins Stops Service for New York Residents

AUG 13, 2015 | Evander Smart

Peer-to-peer bitcoin exchange LocalBitCoins has joined the exodus of companies exiting the state of New York refusing to comply with the BitLicense.

140

AUG 3 DIGEST: Mark Karpelès Admits to Tweaking MtGox Account; Overstock Sells US$5m Cryptobond

AUG 03, 2015 | Aaron van Wirdum

Mark Karpelès is believed to have manipulated his own account on the bitcoin exchange by millions of dollars Overstock has sold a US$5 million “cryptobond” to New York-based trading firm FNY Managed Accounts, and more news

9

BitFinex Exits New York due to BitLicense

AUG 09, 2015 | Joseph Young

Another bitcoin startup left New York State and declined to comply with the BitLicense. BitFinex, the largest cryptocurrency trading platform in the U.S announcing the closure of their operations

17

Escape from New York: Kraken & Paxful Join ‘Bit-Exodus’

AUG 10, 2015 | Evander Smart

The deadline for mass exodus of Bitcoin companies from New York due to the authorities’ infamous BitLicense regulations has culminated over the weekend with the exit of several prominent companies such as Kraken and Paxful

70

California's Version of New York's Infamous ‘BitLicense’ Defeated in State Legislature

SEP 16, 2015 | Evander Smart

Just weeks after New York officially drove several major Bitcoin businesses out of the state through regulation California chose a freer path forward for digital currency in The Golden State.

20

Bit-Exodus Continues: Remittance Service Rebit and Cloud Miner Genesis Mining Leave New York

AUG 15, 2015 | Aaron van Wirdum

In an ongoing trend of Bitcoin companies withdrawing their services from New York in response to the BitLicense, two more businesses have exited the Empire State.

10

Bitcoin Exchange LZF Legally Launches in 49 States, Excluding New York

SEP 16, 2015 | Joseph Young

US-based bitcoin exchange Laissez Faire (LZF) has legally launched its currency trading platform across 49 states by complying with the financial regulations of each state, to provide its users with an incentivized trading environment.

87

In Wake Of Global Cyberattacks, Calls For Bitlicensing Grow

MAY 27, 2017 | Guest Author

Pressure grows on global governments to issue Bitcoin licenses to manage the cryptocurrency-related concerns.

21529 | 21

Bitcoin Foundation Backs “Final Opportunity” To Get New York’s BitLicense Thrown Out

APR 11, 2017 | Olusegun Ogundeji

Bitcoin Foundation supported a legal challenge by Theo Chino to throw out BitLicense.

1630 | 3

EFF Opposes California's Impractical Bitcoin Regulation BitLicense

MAY 04, 2017 | Joseph Young

The Electronic Frontier Foundation (EFF), the leading non-profit organization defending civil liberties in the digital world since 1990, is opposing California’s impractical Bitcoin regulation proposed as A.B. 1123.

7444 | 2

David Seaman: ‘Stop Competing and Just Make Everything Interoperable’

AUG 23, 2015 | Allen Scott

CoinTelegraph caught up with independent journalist and podcast host David Seaman to talk about the Bitcoin blocksize debate, BitLicense exodus, altcoins and gaming, as well as what bitcoin needs to break out of its current price slump.

12 | 1

Theo Chino: NY Authorities Are Using Bitcoiners in New York as Guinea Pigs

NOV 11, 2016 | Frisco d'Anconia

A Bitcoin Entrepreneur and Software Developer, Theo Chino has accused the New York Department of Financial Services of using Bitcoiners in New York State as Guinea Pigs.

138 | 1

Why BitLicense Case Should Not Be Dismissed

MAY 03, 2017 | Olusegun Ogundeji

The executive director of Bitcoin Foundation does not want the pending case between Theo Chino and the New York Department of Financial Services in favor of the NYDFS for one reason.

7237 | 1

Former NYDFS Superintendent Benjamin Lawsky Denies BitLicense Cronyism Allegations

JUL 30, 2015 | Aaron van Wirdum

Benjamin Lawsky denied allegations from the Bitcoin community suggesting he created the BitLicense as a setup for his newly established legal firm, The Lawsky Group.

53

AUG 3 DIGEST: Mark Karpelès Admits to Tweaking MtGox Account; Overstock Sells US$5m Cryptobond

AUG 03, 2015 | Aaron van Wirdum

Mark Karpelès is believed to have manipulated his own account on the bitcoin exchange by millions of dollars Overstock has sold a US$5 million “cryptobond” to New York-based trading firm FNY Managed Accounts, and more news

9

BitFinex Exits New York due to BitLicense

AUG 09, 2015 | Joseph Young

Another bitcoin startup left New York State and declined to comply with the BitLicense. BitFinex, the largest cryptocurrency trading platform in the U.S announcing the closure of their operations

17

Escape from New York: Kraken & Paxful Join ‘Bit-Exodus’

AUG 10, 2015 | Evander Smart

The deadline for mass exodus of Bitcoin companies from New York due to the authorities’ infamous BitLicense regulations has culminated over the weekend with the exit of several prominent companies such as Kraken and Paxful

70

LocalBitCoins Stops Service for New York Residents

AUG 13, 2015 | Evander Smart

Peer-to-peer bitcoin exchange LocalBitCoins has joined the exodus of companies exiting the state of New York refusing to comply with the BitLicense.

140

Bit-Exodus Continues: Remittance Service Rebit and Cloud Miner Genesis Mining Leave New York

AUG 15, 2015 | Aaron van Wirdum

In an ongoing trend of Bitcoin companies withdrawing their services from New York in response to the BitLicense, two more businesses have exited the Empire State.

10

California's Version of New York's Infamous ‘BitLicense’ Defeated in State Legislature

SEP 16, 2015 | Evander Smart

Just weeks after New York officially drove several major Bitcoin businesses out of the state through regulation California chose a freer path forward for digital currency in The Golden State.

20

Bitcoin Exchange LZF Legally Launches in 49 States, Excluding New York

SEP 16, 2015 | Joseph Young

US-based bitcoin exchange Laissez Faire (LZF) has legally launched its currency trading platform across 49 states by complying with the financial regulations of each state, to provide its users with an incentivized trading environment.

87

Eight Months Since BitLicense’s Inception, Only One License Has Been Granted

MAR 25, 2016 | Charlie McCombie

The Bitcoin company regulation programme, BitLicense, has only granted one license in the eight months since its inception.

48