BitLicense

New York State Department of Financial Services Proposes Framework for a Conditional BitLicense

By William Mack & India L. Sneed on July 9, 2020

Posted in Anti-Money Laundering, BitLicense, Blockchain, Blockchain Technology Task Force, convertible virtual currency, cryptocurrency, Cybersecurity, Financial Regulation, Financial Services Litigation, Technology, Virtual Currency

In 2015, the New York Department of Financial Services (NYDFS) finalized rules creating the BitLicense for virtual currency exchanges operating in New York state. New York is currently the only…
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New York State Releases Final BitLicense Regulation

By Michael A. Berlin, Niall E. O'Hegarty, William Mack, Carl A. Fornaris & Steven M. Felsenstein on June 9, 2015

Posted in BitLicense, Regulatory Compliance

On June 3, 2015, the New York State Department of Financial Services (DFS) published its final BitLicense regulation. The regulation requires that firms engaged in “Virtual Currency Business Activity” that…
Continue Reading New York State Releases Final BitLicense Regulation

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Financial Services Observer

BitLicense

New York State Department of Financial Services Proposes Framework for a Conditional BitLicense

New York State Releases Final BitLicense Regulation