Tagged: nydfs

New York State Financial Services Regulator Respond 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

State of New York Poised to Empower New York Department of Financial Services to Study Online Lending

There is legislation moving through the state of New York that shifts some responsibility regarding online lending to the New York Department of Financial Services (NYDFS). [S07294 and A8938] Originally, there was a bill that was signed into law on December 29, 2017, by Governor Andrew Cuomo, that… Read More

BitLicense Battle: Hearing Scheduled for Chino vs. NYDFS, Following $1 Billion Claim in Damages

Theo Chino will be back in court tomorrow (October 10) regarding his ongoing battle with the New York Department of Financial Services (NYDFS). In brief, Chino is battling the DFS creation of the “BitLicense Regulatory Framework” that delivered a bumpy process to license virtual currency business… Read More

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