カテゴリー: BitLicense

South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges

South Korea Considers Bitlicense-Style System for Cryptocurrency ExchangesThe South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Bitlicense Comes to Korea The South Korean regulators are considering introducing an approval system for cryptocurrency […]

The post South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges appeared first on Bitcoin News.

NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense Firms

NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense FirmsAccusations, rumors and fears of manipulation in the cryptocurrency market have been around for a long while now. The most recent one involves Tether supposedly artificially propping up the price of bitcoin by printing USDT. Now one regulator demands that companies in its jurisdiction will take action against such possible risks. Also Read: Weiss Ratings […]

The post NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense Firms appeared first on Bitcoin News.

US Financial Regulator Requests Crypto Trading Data From South Korea

US Financial Regulator Requests Crypto Trading Data From South KoreaThe New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State Department of Financial […]

The post US Financial Regulator Requests Crypto Trading Data From South Korea appeared first on Bitcoin News.

French Entrepreneur’s Case to Overturn the Bitlicense Dismissed

French Entrepreneur's Case to Overturn the Bitlicense DismissedThis week the longstanding New York Supreme Court case involving the state’s Bitlicense was dismissed. The lone bitcoin entrepreneur, Theo Chino, who has been fighting in court for years, relentlessly trying to get the regulatory framework created by Ben Lawsky overturned, says he will appeal the decision. Also read: African Central Banks Should Ditch Dollar, […]

The post French Entrepreneur’s Case to Overturn the Bitlicense Dismissed appeared first on Bitcoin News.

Convenience Stores and Pawn Shops See Foot Traffic from Bitcoin ATMs

Convenience Stores and Pawn Shops See Foot Traffic from Bitcoin ATMsBitcoin is continuing its popular trend throughout society, and these days the decentralized currency can now be purchased at your local bodega, gas station, deli, and convenience store. According to recent reports, bitcoin teller machines (BTMs) worldwide are popping up in great numbers; most notably in the U.S. as the country now commands roughly 1,279 […]

The post Convenience Stores and Pawn Shops See Foot Traffic from Bitcoin ATMs appeared first on Bitcoin News.

New York Assemblyman Proposes Digital Currency Task Force

New York Assemblyman Proposes Digital Currency Task ForceA few new bills have been proposed by New York state officials concerning the implications of blockchain technology and cryptocurrencies. One of the bills sponsored by the democratic assemblyman Clyde Vanel called bill AO8783 aims to create a “digital currency task force” that plans to monitor the “widespread implementation of digital currencies on financial markets […]

The post New York Assemblyman Proposes Digital Currency Task Force appeared first on Bitcoin News.

Judge’s Decision to Delay Bitlicense Hearing Considered a ‘Positive Step’

Judge's Decision to Delay Bitlicense Hearing Considered a 'Positive Step'Last April news.Bitcoin.com reported on Theo Chino, the lone bitcoin entrepreneur that’s been fighting the Bitlicense in court for two years. This week during Chino’s case hearing, Judge Carmen Victoria St. George, decided to delay the Bitlicense trial until January 11, 2018, so she can review records used by the previous judge. Also read: Putin […]

The post Judge’s Decision to Delay Bitlicense Hearing Considered a ‘Positive Step’ appeared first on Bitcoin News.

Strict Regulations Drive Shapeshift and Keepkey out of Washington State

Digital asset exchange Shapeshift and its recently acquired hardware wallet maker Keepkey have announced that they are exiting the U.S. state of Washington. This is due to the state imposing strict regulatory requirements based on “Senate Bill 5031.” Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee Shapeshift & Keepkey Flee Washington State Shapeshift […]

The post Strict Regulations Drive Shapeshift and Keepkey out of Washington State appeared first on Bitcoin News.

New York Regulator Reports on Cryptocurrency Licensing, Inspects Businesses

New YorkAn annual report by the New York State Department of Financial services reiterates the importance of regulating digital currency businesses. The report was released on June 15, and it summarizes the departments activities with regards to its Bitlicense regulation for crypto-companies.  Also read: Australian Financial Authorities Look Into Ethereum’s Conflicts of Interest It said cryptocurrencies provide

The post New York Regulator Reports on Cryptocurrency Licensing, Inspects Businesses appeared first on Bitcoin News.