Crypto trading firm Cumberland secures New York BitLicense
The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services.
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The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services.
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The post Crypto Trading Firm Cumberland Acquires New York’s BitLicense appeared first on Crypto Breaking News.
The BitLicense just got a little tougher with new mandatory standards for treating customers right.
While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.
Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross.
Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry jobs in the state.
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement.
Apex Fintech Solutions, the parent company of Apex Clearing Corporation, has announced on Tuesday that the New York State Department of Financial Services (NYDFS) approved the application of Apex C...
BitOoda Digital, a subsidiary of digital asset firm BitOoda Holdings, recently announced that it has received a virtual currency license, also known as the BitLicense, from the New York Department ...
Forge will have a right to custody digital assets, to purchase and sell them for legal tender, and to trade them against each other.
The NYDFS will assess supervisory costs from licensed crypto firms in the state of New York to add top talent to its virtual currency team. This new regulation provides the Department with additional tools and resources to regulate the virtual currency industry. (Read More)
The New York State Department of Financial Services, or NYDFS, has adopted a regulation that will allow the government agency to assess supervisory costs from licensed crypto firms operating in the state. In an April 16 announcement, the NYDFS said the supervisory costs enforced by the new regulation would be used for “adding top talent [...]
The post NYDFS adopts regulation to assess supervisory costs for licensed crypto firms appeared first on Crypto Breaking News.
With the addition of Anchorages New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015.
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