Cryptocurrency licenses will become more accessible to residents of the state of New York. The Department of Financial Services has published new licensing rules, the adoption of which will simplify the work with digital assets.
Until August 10, the regulator plans to receive public feedback and hopes for a positive outcome, which will ultimately facilitate the process of obtaining permits in contrast to the BitLicense adopted in 2015. However, according to representatives of companies working with virtual currencies, to become the owner of BitLicense in New York you need to wait a long time. “It seems to us that after some time, legal entities will seek to receive full BitLicense,” the authors of the initiative note.
We add that at the moment only 25 companies are licensed (including Tagomi, Circle and Robinhood).
XRP traders are moving assets to centralized crypto exchanges amid macro hiccups, even as the…
Major cryptocurrency XRP is surging in transaction volume even as its price index hovers around…
The stablecoin market is quietly evolving, as a new report indicates that Circle’s USDC leads…
Cardano (ADA) could be gearing up for an explosive comeback as a potentially bullish cup-and-handle…
New Bitcoin whales now control one-third (33%) of the BTC realized market capitalization held by…
Bloomberg commodity strategist Mike McGlone reiterated his prediction that Bitcoin (BTC) could fall to $10,000, calling the…