Money Transmitter License Not Required for Crypto Businesses in Pennsylvania

Money Transmitter License Not Required for Crypto Businesses in PennsylvaniaOn Wednesday, Jan. 23, the Pennsylvania Department of Banking and Securities (DoBS) published guidance for virtual currency businesses operating in the state. The state’s financial agency has decided a money transmission license for cryptocurrency operations is not required. Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time Banking Department […]

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Crypto-Backed Lending Platform Blockfi Approved to Operate in California

Crypto-Backed Lending Platform Blockfi Approved to Operate in CaliforniaBack in July, news.Bitcoin.com reported on the cryptocurrency-backed USD lending platform, Blockfi, which raised $52.5m from investors in an investment round led by Michael Novogratz’s Galaxy Digital. On Monday, Blockfi announced the firm is now servicing residents from California and the latest expansion leads to the crypto-lending service being available in 44 states. Also Read: Novogratz’ […]

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Financial Services Provider Square Acquires New York Bitlicense

Financial Services Provider Square Acquires New York BitlicenseThe company Square announced on Monday the firm has been granted the Bitlicense from the New York Department of Financial Services (DFS). The firm and its ‘Cash App’ are now legally allowed to operate and utilize cryptocurrency solutions in the state of New York. Also Read: Cryptocurrency Brokerage Service Genesis Global Granted Bitlicense Square Has Obtained […]

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BTCC Founder Positive the PBOC Will Remove China’s Exchange Ban

BTCC Founder Positive the PBOC Will Remove China's Exchange BanThis week the founder and CEO of the trading platform BTCC, Bobby Lee, was featured on the broadcast ‘Squawk Box’ and spoke about last year’s banning of Chinese bitcoin exchanges. Lee believes that it’s “only a matter of time” until the central bank will allow cryptocurrency exchanges to open up shop again. Also Read: These Dutch […]

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