Crypto custody solutions are on the rise, and Coinbase appears to be taking over the market — who else is chasing the number one spot?
BitLicense News
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.
- Analysis
- Follow up
The New York State Assembly appointed six members to its Digital Currency Task Force. Joseph Lubin and a Microsoft rep. are just some of those on the list...
- News
by Helen Partz
Fidelity’s crypto arm Fidelity Digital Assets Services reportedly filed with the NYDFS for a New York trust licens.
- News
by Helen Partz
Robinhood Crypto officially launched its commission-free trading in New York after acquiring a BitLicense in January 2019.
- News
Intercontinental Exchange-lead institutional cryptocurrency trading platform Bakkt is reportedly considering acquiring a New York “BitLicense” to launch its bit...
- News
by Aaron Wood
The New York Department of Financial Services has denied Bittrex’s application for a BitLicense.
- News
by Helen Partz
The New York State Department of Financial Services issued its 18th BitLicense to crypto trading platform Tagomi Trading.
- Analysis
The financial capital of the world can afford to be picky — but does it stifle fintech innovation?
- News
The Canadian House Finance Committee has put forward three suggestions for regulating cryptocurrencies, citing money laundering concerns.
- News
New York state regulators granted a BitLicense to a subsidiary of the New York Digital Investment Group.
- Interview
Head of blockchain at PwC Switzerland Pierre-Edouard Wahl speaks about the need for smarter crypto regulation globally.
- News
Square has received a New York BitLicense, meaning the Cash App now lets its New York users buy and sell Bitcoin.
- Analysis
Historically a business-friendly center and international financial hub, New York is not that welcoming to crypto.
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