NYDFS Archives - FortuneZ

Eris Clearing Awarded First BitLicense Of The Year

May 7, 2020

Eris Clearing, has been granted the Virtual Currency License from New York’s Department of Financial Services (NYDFS. What this means for the company is that it is now allowed to legally operate cryptocurrenc...

Binance Gets NY Financial Services’ Nod for Its USD-Pegged Stablecoin

January 6, 2020

Global crypto exchange Binance has received approval from the New York State Department of Financial Services (NYDFS) for its USD-pegged stablecoin BUSD. Announced today on Twitter, this will enable New York...

Coinbase Plans for Aggressive Hiring in Institutional Sector

September 17, 2018

Coinbase, a digital currency exchange headquartered in San Francisco, is planning a massive hiring spree for its newly opened institutional-focused office in New York. Specifically, the firm expects to increa...

Winklevoss Twins Seek Trust Company Charter for Gemini

July 27, 2015

Tyler and Cameron Winklevoss have reportedly filed paperwork with the New York Department of Financial Services (NYDFS) to obtain a trust company charter for their planned bitcoin exchange, Gemini. itBit bec...

BitLicense Takes Effect Today, 45-Day Transitional Period Begins

June 24, 2015

The recently finalized rules governing how virtual currency businesses operate in New York State have officially become law, effective today. Also known as the BitLicense, the rules are filed under “Regulati...

Users, Miners and Merchants Exempt from BitLicense

June 3, 2015

The New York state financial regulator - New York State Department of Financial Services (NYDFS), issued today its final rules for firms in the crypto currencies industry, with the main focus on bitcoin, tryi...

ItBit Secures $25 Million in Funding, Granted First NYDFS Regulatory Charter

May 7, 2015

Bitcoin exchange, ItBit, has managed to raise $25 million in funding, in essence becoming the inaugural digital currency firm to receive a charter from the New York State Department of Financial Services (NYD...

Revised BitLicense Rules Released, Clauses Added in Consideration of Industry Concerns

February 5, 2015

Benjamin Lawsky, Superintendent for the New York Department of Financial Services (NYDFS), has published a 46-page document of the revised “BitLicense” regulations. The latest rules account for the over 3,70...

NYDFS Reveals 3746 Comments: Retailers, WU, New York Bankers Association and Dogecoin Foundation in the Mix

December 4, 2014

The New York Department of Financial Services (NYDFS) has made public 3,746 comments received on the BitLicense proposal. Superintendent Benjamin Lawsky made the revelation via Twitter, adding that a revised ...

BitLicenses Proposed in NY, What They Are And Reaction

July 17, 2014

Among US jurisdictions, New York has been one of the most involved in analyzing digital currencies, their risks, benefits, and potential means to regulate them. Spearheading the initiative has been a vibrant...