Bitcoin Enthusiasts Organize “Abolish the BitLicense” Protest

TheMerkle Abolish the BitLicenseBitcoin regulation will always remain a very touchy subject among industry experts. Although an official guideline for service providers helps legitimize cryptocurrency as a whole, there are some negative side effects as well. A group of Bitcoin enthusiasts now want to abolish the BitLicense altogether. Can we Abolish the BitLicense? It is safe to say the state of New York is not too cryptocurrency-friendly as of right now. This entire debacle dates back to the NYDFS introducing the BitLicense requirement for all Bitcoin service providers many years ago. Even though some companies successfully obtained their BitLicense – which comes at a

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South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges

South Korea Considers Bitlicense-Style System for Cryptocurrency ExchangesThe South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Bitlicense Comes to Korea The South Korean regulators are considering introducing an approval system for cryptocurrency […]

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NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense Firms

NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense FirmsAccusations, rumors and fears of manipulation in the cryptocurrency market have been around for a long while now. The most recent one involves Tether supposedly artificially propping up the price of bitcoin by printing USDT. Now one regulator demands that companies in its jurisdiction will take action against such possible risks. Also Read: Weiss Ratings […]

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US Financial Regulator Requests Crypto Trading Data From South Korea

US Financial Regulator Requests Crypto Trading Data From South KoreaThe New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State Department of Financial […]

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French Entrepreneur’s Case to Overturn the Bitlicense Dismissed

French Entrepreneur's Case to Overturn the Bitlicense DismissedThis week the longstanding New York Supreme Court case involving the state’s Bitlicense was dismissed. The lone bitcoin entrepreneur, Theo Chino, who has been fighting in court for years, relentlessly trying to get the regulatory framework created by Ben Lawsky overturned, says he will appeal the decision. Also read: African Central Banks Should Ditch Dollar, […]

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Convenience Stores and Pawn Shops See Foot Traffic from Bitcoin ATMs

Convenience Stores and Pawn Shops See Foot Traffic from Bitcoin ATMsBitcoin is continuing its popular trend throughout society, and these days the decentralized currency can now be purchased at your local bodega, gas station, deli, and convenience store. According to recent reports, bitcoin teller machines (BTMs) worldwide are popping up in great numbers; most notably in the U.S. as the country now commands roughly 1,279 […]

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