Tokyo-based cryptocurrency exchange bitFlyer launched its commission-free campaign for BTC/USD trading pair to its U.S. customers.
BitLicense is a business license for using cryptocurrencies with a lengthy list of terms and conditions. It was issued on the 8th of August, 2015, by the New York State Department of Financial Services (NYSDFS). In general, it defines the major rules on businesses operating with digital currencies, such as virtual currencies’ control, administration, maintenance, storing, holding, issuing, exchange operations, related-software development, etc.
The license is relevant for entities, while retailers and individuals are allowed to make transactions without the use of the license. On the one hand, the business community met the license positively because it provides a legal framework and protection without a need for proving legitimacy of their work to customers. On the other hand, those rules increase both time and costs, which already are in deficit.
- NEM Community in Uproar as Prez Takes 6-Month Paid Sabbatical
- Top 10 Coins More Correlated Than Ever, but Decoupling From Gold
- Visa Backs New Bitcoin Rewards Card From Lightning-Friendly Fold
- Anthony Pompliano Discloses His Investment Strategy in Times of Crisis
- Facebook Sues User for Cloaking Ads for Fake COVID-19 News and Crypto Scams