Facebook’s Inches Towards Global Regulatory Compliance, Applies for New York BitLicense
Facebook’s initiative to create an accessible, frictionless, globally-available cryptocurrency and payments network is brushing up against unprecedented regulatory hurdles, at least according to a new report from Reuters. Though the social media company is taking steps to comply with watchdogs around the world, many experts are concerned that it won’t be enough.
New York Denies Bittrex BitLicense Application Citing Inadequate Compliance
The New York Department of Financial Services (NYDFS) has denied a BitLicense application from the Bittrex cryptocurrency exchange on April 10.
New York Regulators Have Grant Crypto License to NYDIG
The New York State Department of Financial Services (DFS) has just issued a new BitLicense to the New York Digital Investment Group (NYDIG), allowing it to offer crypto-related services in the Empire State.
NY BitLicense Chief Clashes with U.S. Treasury over Fintech Banking Charters
The New York State Department of Financial Services (DFS) has stated its opposition to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters, according to a statement on its website by Maria T. Vullo, DFS superintendent and overseer for the state’s BitLicense regime.
NYDFS grants virtual currency licence to BitPay
BitPayBitPay, the largest global blockchain payments provider, today announced the company has received its Virtual Currency License from the New York Department of Financial Services which governs rules for virtual currency business activity in New York.
South Korea Mulls BitLicense-Style Rules for Crypto Exchanges
South Korea is reportedly considering a technology-specific licensing scheme as part of it proposed regulation of cryptocurrency exchanges.