BitLicense

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BitLicense-like Bitcoin Regulation is Coming to Five Additional US States

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In the cryptocurrency world, there is always a lot of dismay when governments or policymakers try to introduce some form of regulation. In the United States, the introduction of BitLicense has been discussed heavily in recent years.  It now seems very similar guidelines might be making their way to as many as five additional states … Read more

Cottonwood Becomes Second Cryptocurrency ATM Operator to Receive Bitlicense

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U.S.-based cryptocurrency ATM operator Cottonwood Vending has been granted regulatory approval to operate in the state of New York. As such, Cottonwood has become the second cryptocurrency ATM operator to receive a Bitlicense by the New York State Department of Financial Services (NYDFS). Also Read: Coincheck Registers 1.7M New Users Since Resuming Operations  Cottonwood Granted Virtual … Read more

New York Regulator Grants Licenses to Robinhood Crypto and Libertyx

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Robinhood Crypto and Libertyx have been granted licenses by the New York State Department of Financial Services. Robinhood is now authorized to offer the buying, selling and storing of seven cryptocurrencies. Meanwhile, Libertyx has become the first Bitlicensee to allow customers to use debit cards to purchase BTC from traditional ATMs in New York. Also … Read more

Digital Asset ATM Provider Coinsource Acquires Bitlicense

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Coinsource announced on Thursday that it has become the first digital asset ATM provider to be granted a Bitlicense in the state of New York. The company joins 12 other organizations that have already received the license for virtual currency businesses from the New York Department of Financial Services (NYDFS). Also read: Anypay Provides BCH Invoices That … Read more

IDEX Blacklists New York Residents, Setting a Worrying Precedent

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IDEX, the supposedly decentralized exchange, plans to start blocking traders who reside in the state of New York. The decision sets an alarming precedent for decentralized exchanges (DEX), which have traditionally given short shrift to regional regulations in their pursuit of censorship-resistance. Also read: Circle’s USDC Stablecoin Added to Coinbase World’s Largest Censorship-Resistant DEX Starts Censoring … Read more