New York Regulators Grant Second BitLicense to Ripple
San Francisco startup Ripple has become the second blockchain firm to receive a BitLicense in New York.
Last updated on Aug 2, 2016 at 14:48 BST. Based on the following values:
| USD | |
|---|---|
| OKCoin | $606.97 |
| Bitstamp | $607.19 |
| Coinbase | $609.70 |
| Bitfinex | $610.05 |
| itBit | $607.95 |
| CNY | |
| OKCoin | ¥4,049.59 |
| BTC China | ¥4,048.38 |
| Huobi | ¥4,049.02 |
The term ‘BitLicense’ officially entered into the lexicon of virtual currency terminology when the New York State Department of Financial Services (NYDFS) issued such a framework in order to regulate distributed electronic money such as bitcoin.
Find out which companies have applied for a BitLicense here.
San Francisco startup Ripple has become the second blockchain firm to receive a BitLicense in New York.
More than six months after the final date for application filings, only one license has been issued under New York’s BitLicense regulatory…
CoinDesk's latest research report, available to download now, takes an in-depth look at New York's BitLicense.
Bitcoin wallet Circle says it has become the first company to receive a BitLicense from the New York State Department of Financial Services.
CoinDesk is keeping track of both the companies that apply for a BitLicense and those that decide to stop operating in New York state.
CoinDesk has spoken to various bitcoin companies to breakdown the cost of the BitLicense application process both in monetary and non-monetary terms.
The New York State Department of Financial Services (NYDFS) has revealed that it has so far received 22 BitLicense applications.
Bitcoin exchanges Kraken and Bitfinex have indicated they will not be applying for licenses to operate in New York.
As the BitLicense application deadline nears, which bitcoin companies will stay in New York and which will go?