BitLicense Holder SoFi’s Application to Create a National Bank Conditionally Approved by US
The approval, if made final, opens the door for the new bank to custody cryptocurrencies. Source
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BitLicense
Former BitLicense Chief to Manage Andreessen Horowitz’s Cryptocurrency Efforts
Anthony Albanese will become chief regulatory officer for the tech ventures giant in November. Source
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Blockchain Bites: BitLicense Feedback, Digital Yuan Trial and How US Bills Could Threaten Privacy
China will trial its digital yuan with a mega food retailer, U.S. bills are seriously threatening online privacy and an a16z alum is launching a venture firm focused on distributed tech. Here’s the story: Trial PlanChina wants to trial its digital yuan with online food seller Meituan-Dianping as well as another two Tencent-backed companies. The
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Gemini Chose to Wade Regulation In New York, Weighs in on Conditional BitLicense
Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS' move as a positive.Gemini's chief compliance officer, Noah Perlman, told Cryptox:"The proposed conditional licensing framework is another step the
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Blockchain Bites: BitLicense at 5, Lawsky’s Fallacy and Hehmeyer’s Pivot
Today marks five years of the BitLicense, the controversial crypto safety rail enacted by New York State’s top financial watchdog. In half a decade only 25 licenses have been doled out, including two to a firm associated with the BitLicense’s architect, former head of the New York State Department of
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New York Regulator Details Changes to Contentious BitLicense
The guidance released Wednesday includes two specific updates that the public can comment on: Any coins that the regulator approves for listing in New York can be listed by any exchange that operates in the state, as long as they provide notice to NYDFS, and the regulator will publish a
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SoFi Obtains BitLicense to Offer Crypto Trading Services in New York
California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services (NYDFS), the regulator said in a statement on Dec. 3.SoFi is now one of 24 crypto-related firms that have obtained a BitLicense since 2015, Bloomberg Law’s crypto reporter Lydia Beyoud tweeted the
Read More Student Lender SoFI Gets NY BitLicense, Clearing Way to Offer Crypto Trading
“Putting our members’ interests first is our top priority at SoFi,” he said. “That includes both offering individuals the products they want, like cryptocurrency within SoFi Invest, as well as protecting them, through a solid regulatory framework like that created by the New York State Department of Financial Services.” Source
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Wyoming’s New Crypto Banking Law Could Defang New York’s BitLicense
There may be a way for cryptocurrency businesses to get around New York's notoriously hard-to-get BitLicense, and it runs through Wyoming. Source
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Facebook Seeks BitLicense From New York State Regulator
Social media giant Facebook has applied for a cryptocurrency business license to use its announced virtual currency Libra in New York, according to a report by Reuters on June 28New York requires a special license for crypto operations called the BitLicense, which is a product of the state’s finance
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