There could be changes to the stringent “Bitlicense” rules of New York after fresh assessment by The New York State Department of Financial Services (NYDFS) as reported by Reuters on June 24, 2020. Reports indicate that the main financial regulator in the cosmopolitan city may tweak rules, subsequently eliminating hurdles faced by virtual currency businesses looking to set base
26,000 Ethereum (ETH) coins worth $7.08 million has just been moved from Gemini to an unknown wallet. This is according to a new alert by whale watching account, Whale Alert. There is no specific reason why the coins were moved neither has the true identity of the receiver divulged. Ethereum (ETH) is up 118% this year
There may be a new way of by-passing the tough New York laws to carry out crypto-related transactions in the world’s capital without acquiring a BitLicense, a crypto license developed by the New York Department of Financial Services (NYDFS) in 2014. Wyoming offers crypto companies a loophole According to a report from members of the
Key highlights Blockchain Week in NYC begins Abra adds thousands of banks Facebook allows crypto ads again Ask Figure closes USD 1 billion credit line Fidelity to launch crypto trading soon Blockchain Week in NYC begins This week, all eyes are going to be on New York City as leading blockchain brains assemble for the
Its been a couple of weeks since Bittrex was denied license by the NY Regulators for a variety of reasons. One of the grave claims that came against the exchange was that Customer due diligence and the regulators flagged two accounts that it identified as users from North Korea. But after studying and researching the
Upon the Bittrex’s BitLicese rejection reasons, outlined by New York Department of Financial Services (NYDFS), the exchange hit detail press and denies regulator’s allegation and claim towards Bittrex’s AML and compliance practices. Bittrex Disagree with NYDFS’ Claims In a recent report, Coingape had explained how and why NYDFS rejected BitLicese applied by Bittrex in 2018.
The New York Attorney General Eric Schneiderman has launched a probe into 13 crypto exchanges that include big names like Coinbase, Binance, Bittrex, Gemini among others. In order to improve the transparency, the office is asking for information related to their daily trade activities. New York attorney general office’s virtual markets integrity initiative Crypto