Tag: bitlicense

April 10, 2019 BY Mariela Naydenova

Bittrex Exchange's BitLicense application rejected by New York

The US-based Bittrex cryptocurrency exchange got its BitLicense application  rejected by the New York Department of Financial Services on April 10th, 2019. The New York Department of Financial Services (NYDFS) published a letter in which they explain the multiple reasons why the application of Bittrex was rejected, stating: Based on the Department's extensive review of…

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Coinbase adds Stellar Lumens (XLM) on its professional trading platform
January 17, 2017 BY admin

DFS grants BitLicense to U.S. based Coinbase

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase, Inc., a wholly owned subsidiary of Coinbase Global, Inc., for a virtual currency and a money transmitter license. As a leading state financial services regulator, DFS has rapidly responded to innovations…

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June 13, 2016 BY Mike Fox

Ripple receives first NY BitLicense for institutional use of digital assets

Early last year, the state of New York began requiring a license to engage in virtual currency activity. Ripple engaged with New York’s Department of Financial Services (DFS) and today received a “BitLicense” to sell and custody XRP, the digital asset native to the Ripple Consensus Ledger, for institutional investors and financial institutions in New…

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May 06, 2015 BY Mike Fox

itBit's Global Digital Currency Regulatory Roundup: April 2015

April was a slow month for the development and advancement of Bitcoin regulation across the globe. In Europe, regulators seemed to favor a more cautious approach when it came to exploring and crafting potential regulation, while Australian regulatory bodies weighed the costs and benefits of coming up with a comprehensive regulatory plan.

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April 01, 2015 BY Mike Fox

Xapo and bitcoin industry respond to the revised BitLicense proposal

The New York Department of Financial Services (NYDFS) posted a revised BitLicense proposal on February 25, 2015. The revised proposal reflected many steps in the right direction and addressed numerous concerns voiced by Xapo and the bitcoin industry as a whole. Xapo is the company behind the highly anticipated global bitcoin wallet debit card which…

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