Tagged: bitlicense

Seed CX Subsidiaries Secure Bitlicense From New York Department of Financial Services

New York State Department of Financial Services (DFS) announced on Monday it has approved the applications of Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC for virtual currency licenses and has approved Zero Hash for a money transmitter license. SCXM and Zero Hash… Read More

New York State Financial Services Regulator Responds to Crypto Exchange Bittrex’s Claims of Unfairness

The Executive Deputy Superintendent for Banking at the New York State Department of Financial Services (NYDFS) has taken to the media to respond to claims from the Bittrex crypto trading platform that it was treated unfairly when denied a license to do business in the… Read More

Crypto Trading Platform Bittrex Denied BitLicense in New York, Disputes Findings

The New York State Department of Financial Services (NYDFS) has denied Seattle-based cryptocurrency trading platform Bittrex’s application for a BitLicense to offer the trading of cryptocurrencies and tokens in the state. The decision was provided in a letter to Bittrex CEO Bill Shihara dated April… Read More

A Review Of The Proposed “Token Taxonomy Act” and Why It Falls Short…

While most people were busy with last minute Christmas shopping, on December 20th of last year, Representatives Warren Davidson and Darren Soto were busy finalizing and introducing the proposed new “Token Taxonomy Act” (HR 7356). The proposed Token Taxonomy Act seeks to modify both existing… Read More

House Finance Committee Urges Canadian Government to Regulate Cryptocurrencies

After holding a series of 18 meetings to review Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), the House Finance Committee has recommended that the Government of Canada regulate cryptocurrency businesses to prevent criminal use, iPolitics reports. The committee has been conducting meetings to… Read More

New York State Department of Financial Services & BitLicense Slammed in UK Crypto Report

A Parliamentary Treasury Committee has published an extensive report on the regulatory environment pertaining to cryptocurrency in the UK. As part of the report, a good amount of ink was dedicated to the global regulatory approach regarding blockchain based digital assets. One regulatory entity received… Read More

The Bitcoin Foundation Asks Regulators to Push Pause on Regulating Virtual Currency

In a letter addressed to the National Conference of Commissioners on Uniform State Laws, authored by the Bitcoin Foundation based in San Francisco, a request was made to back off of a proposed uniform statute entitled, “Uniform Regulation of Virtual Currency Business.” In brief, the… Read More

ShapeShift Suspends Service to New York Customers in Protest of “BitLicense”

ShapeShift AG, an exchange service for digital assets, has suspended service to all residents of New York State, effective immediately, following the release of the “BitLicense” regulation by the New York Department of Financial Services. The company explained that New York’s new anti-competitive licensing scheme, which targets a… Read More

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