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.

News
Gemini looks at regulation as a good thing, with the recently suggested conditional BitLicense as a move in the right direction.
Gemini Chose to Wade Regulation In New York, Weighs in on Conditional BitLicense
Benjamin Pirus
2020-07-04T01:30:00+01:00
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News
The New York Department of Financial Services is requesting comments on its amendment to the BitLicense that would help smaller companies be regulated.
NY Regulators to Pair Companies With 'Guardians' for a Conditional BitLicense
Andrey Shevchenko
2020-06-25T13:05:00+01:00
2306
News
Congressional candidate Jonathan Herzog believes that the U.S. government needs to embrace crypto and blockchain not to fall behind other nations.
Jonathan Herzog May Be the Most Crypto-Friendly Congressional Candidate Yet
Michael Kapilkov
2020-06-09T09:16:00+01:00
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News
New York regulator that issues BitLicences adds a Silk Road investigator to its legal counsel.
New York Crypto Regulator Adds Silk Road Investigator as General Counsel
Michael Kapilkov
2020-04-28T17:40:00+01:00
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News
Tokyo-based cryptocurrency exchange bitFlyer launched its commission-free campaign for BTC/USD trading pair to its U.S. customers.
BitFlyer Now Offers US Users 0% Fees When Buying Bitcoin With USD
Helen Partz
2020-01-31T22:36:00+00:00
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News
New York Governor Andrew Cuomo wants crypto businesses to pay for NYDFS’ oversight to “make progress happen.”
NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight
Helen Partz
2020-01-09T17:43:00+00:00
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News
The New York Department of Financial Services plans to review its crypto listing framework by late January 2020.
NYDFS to Update BitLicense’s Terms for the First Time in 5 Years
Helen Partz
2019-12-11T17:44:00+00:00
2329
News
California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services.
SoFi Obtains BitLicense to Offer Crypto Trading Services in New York
Helen Partz
2019-12-03T18:21:00+00:00
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