Adrienne Harris, the leader of New York’s state banking and financial regulatory agency that oversees the state’s BitLicense, has been named to a non-voting seat on the Financial Stability...
Tag: BitLicense
California Gov. Newsom explains veto of NY-styled BitLicense crypto business bill
California Governor Gavin Newsom on Sept. 23 overruled Assembly Bill-2269 Digital financial asset businesses: regulation – a crypto regulatory framework. AB-2269 set out specific requirements for cryp...
Governor Gavin Newsom Vetoes California’s ‘BitLicense’ Bill – crypto.news
On Friday, Gavin Newsom, the Governor of California, vetoed the state’s BitLicense bill for crypto licensing saying states need a more flexible approach toward crypto regulation. Governor Newsom Rejec...
California ‘BitLicense’ Bill Vetoed by Governor Gavin Newsom
“On May 4, 2022, I issued Executive Order N-9-22 to position California as the first state to establish a transparent regulatory environment that both fosters responsible innovation, and protect...
PayPal Converts Conditional Virtual Currency License to Full BitLicense
“The conditional virtual currency license allows businesses to have well-regulated access to the New York marketplace through partnerships with licensed firms, ensuring that New Yorkers have access to...
DFS chief Adrienne Harris explains how — and why — New York is speeding up the BitLicense pipeline
New York’s financial regulator is accelerating its work on crypto business licensing. Speaking with The Block on May 19, Adrienne Harris, the superintendent of New York’s Department of Financial Servi...
New York Mayor Eric Adams Wants to Toss the BitLicense
Eric Adams – the mayor of New York City – has suggested doing away with the dreaded BitLicense as a way of allowing New York to become more competitive in the crypto and blockchain worlds. Will New Yo...
Why did the New York Mayor propose the State BitLicense Removal Scheme?
Pro crypto mayor of New York, Eric Adams thinks that the BitLicense rule acts in hampering innovations within the region While advocating for a strict BitLicense scheme’s abolishment, the Mayor ...
New York Mayor Pushes State to Drop “Stifling” BitLicense Program – crypto.news
Even though New York City is often considered the financial capital of the world, the city has maintained restrictions that make it extremely difficult for cryptocurrency businesses, particularly smal...
New York’s Mayor Wants to Get Rid of the ‘BitLicense’ Rule
On Wednesday, New York mayor Eric Adams raised concern from financial watchdogs after he suggested that New York scrap its seven-year longstanding BitLicense rule. First established in 2014, the BitLi...
Eric Adams urges State to abandon ‘stifling’ BitLicense scheme
New York town city manager Eric Adams has hit out at his State’s BitLicensing regime, claiming that it stifles innovation and economic growth. In an exceedingly closing keynote interview at the Crypto...
What would Bitlicense bring changes to crypto firms in New York?
Department of Financial Services is up to apply BitLicense fees on crypto-related businesses in New York Cryptocurrency businesses that are at their initial stages face tough situations every now and...
BitLicense firms to pay assessment fees in New York 1
TL; DR Breakdown BitLicense firms to pay assessment fee in New York Companies in the bracket will pay tens of thousands DFS to use the fees to enhance its operations New York has ordered crypto exchan...
New York Approves Apex Crypto Application for BitLicense
Apex Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the ...
New Yorkers Unable to Trade Native NYCCoin Due to BitLicense Requirement
Despite being a digital coin created specifically for them, New Yorkers can’t trade the NYCCoin. According to the token developers, the asset was inspired by the city mayor, Eric Adams, who promised t...
BitOoda Obtains BitLicense from NYDFS
BitOoda Digital, a subsidiary of digital asset firm BitOoda Holdings, recently announced that it has received a virtual currency license, also known as the BitLicense, from the New York Department of ...
Xapo closes shop in New York, gives up BitLicense
advertisement Crypto banking firm Xapo is has given up its BitLicense, according to a notice from the New York Department of Financial Services (NYDFS). Last year, Xapo announced its intention to disc...