New York Department of Financial Services (NYDFS) announced that they have so far received 22 bona fide applications for the BitLicense in order to engage in the virtual currency business in the greater New York state area.
In light of the new bitcoin regulations imposed on virtual currency businesses based in New York, ShapeShift, a cryptocurrency exchange platform, has decided to shut down its operations in the area.
The New York Department of Financial Services has announced that it will extend the period for commenting on its BitLicense proposal by another 45 days.
We spoke with Carol van Cleef about the NYDF's BitLicense and its potential influence on the New York and global marketplace.
The New York Department of Financial Services has released a regulatory framework for digital currencies.
The NYDFS aims to release this framework for “BitLicenses” within the end of the second quarter of 2014.
The NYDFS concluded their two-day virtual currency hearing, which invited a host of digital currency advocates and skeptics to speak their piece.
In a move to further explore the state of bitcoin and to weight the pros and cons of the digital currency, the New York Department of Financial Services is planning to hold public hearings on January 28 and 29.
