カテゴリー: BitLicense

Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

Canadian Court to Seize Quadrigacx Funds, NYDIG Secures 14th BitlicenseIn recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been […]

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Digital Asset ATM Provider Coinsource Acquires Bitlicense

Digital Asset ATM Provider Coinsource Acquires BitlicenseCoinsource announced on Thursday that it has become the first digital asset ATM provider to be granted a Bitlicense in the state of New York. The company joins 12 other organizations that have already received the license for virtual currency businesses from the New York Department of Financial Services (NYDFS). Also read: Anypay Provides BCH Invoices That […]

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IDEX Blacklists New York Residents, Setting a Worrying Precedent

IDEX Blacklists New York Residents, Setting a Worrying TrendIDEX, the supposedly decentralized exchange, plans to start blocking traders who reside in the state of New York. The decision sets an alarming precedent for decentralized exchanges (DEX), which have traditionally given short shrift to regional regulations in their pursuit of censorship-resistance. Also read: Circle’s USDC Stablecoin Added to Coinbase World’s Largest Censorship-Resistant DEX Starts Censoring […]

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Coinbase Seeks Online Merchant Crypto Adoption by the Millions

Coinbase Seeks Online Merchant Crypto Adoption by the MillionsAdoption news keeps flowing this week, from Wall Street to Australia, and now San Francisco. The United States largest cryptocurrency bank, Coinbase, announced it is expanding its commerce section to include Woo Commerce via a plugin downloadable from Github. It could be just what more online merchants need to get comfortable with cryptocurrency. Also read: […]

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Bitlicense Should be Smashed, Candidate for New York Governor Urges

Bitlicense Should be Smashed, Candidate for New York Governor UrgesSince the infamous Bitlicense was put into effect, the ecosystem has fought for its removal. It turns out to be much harder in practice than in theory to oust a law once it’s put into effect. The good news is groups like Startup Cities are on the case. They’ve snagged a candidate for governor to […]

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If You Can’t Beat Them, Join Them – Bitcoin Is Hiring Regulators

If You Can’t Beat Them, Join Them - Bitcoin Is Hiring RegulatorsWhile everyone is looking for an indication that institutional money is about to flood into bitcoin and revive the market, we just got another conformation that crypto has indeed entered the big leagues. Companies in the industry are now putting former regulators on their payroll, as is common for Wall Street mega banks, government-supported telecom […]

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Financial Services Provider Square Acquires New York Bitlicense

Financial Services Provider Square Acquires New York BitlicenseThe company Square announced on Monday the firm has been granted the Bitlicense from the New York Department of Financial Services (DFS). The firm and its ‘Cash App’ are now legally allowed to operate and utilize cryptocurrency solutions in the state of New York. Also Read: Cryptocurrency Brokerage Service Genesis Global Granted Bitlicense Square Has Obtained […]

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Regulated Crypto Exchange Itbit Adds BCH, ETH, LTC, and XLM Products

Regulated Crypto Exchange Itbit Adds BCH, ETH, LTC, and XLM ProductsRegulated cryptocurrency exchange Itbit announced today that it has received approval from the New York State Department of Financial Services to add more cryptocurrencies to its product offerings. The company will begin offering custody, escrow, OTC trading, and exchange services for BCH, ETH, LTC, and XLM, in addition to its existing BTC offerings. Also read: Yahoo! […]

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DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult Supervision

DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult SupervisionInvestigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” […]

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Cryptocurrency Brokerage Service Genesis Global Granted Bitlicense

Cryptocurrency Brokerage Service Genesis Global Granted BitlicenseOn May 17 the Digital Currency Group initiative and Over-the-Counter (OTC) cryptocurrency service, Genesis Global Trading, announced that Genesis was recently granted the New York state Bitlicense. The company that provides OTC solutions to institutional buyers can now operate freely in New York — A territory that many call, ‘the financial capital of the world,’ […]

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