BitLicense Archives

Bakkt Eyes NY BitLicense as Federal Licence Hits CFTC Snag

April 18, 2019

Bakkt, which aims to create the first federally regulated cryptocurrency marketplace, is reportedly eyeing the BitLicense from the New York state regulator as CFTC concerns over its physical Bitcoin custody ser...

Square, Headed by Twitter CEO, Receives New York’s 9th BitLicense

June 18, 2018

Square Inc., a payments company founded and run by Twitter CEO Jack Dorsey, was awarded a coveted license to deal in cryptocurrencies in New York. Square was granted a so-called BitLicense by the New York St...

Genesis Global Trading Gets New York’s 5th ‘BitLicense’ Ever

May 18, 2018

In the midst of a series of minor regulatory moves by the New York State government regarding cryptocurrency, Genesis Global Trading has been granted a BitLicense by the Department of Financial Services. Gene...

BitFlyer Opens for Business in US After Receiving New York BitLicense

November 28, 2017

bitFlyer USA, a subsidiary of leading Japanese Bitcoin exchange bitFlyer, has officially launched its operations in the United States, just a few months after it was awarded a coveted license to deal in crypt...

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...

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...