News

New York Department of Financial Services Issues 14th BitLicense

Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. The approval of this so-called “BitLicense” or “Virtual Currency License” application is the 14th of its […]
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Coinsource Receives BitLicense to Operate Bitcoin ATMs in New York

Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS).Based in Texas, Coinsource deploys Bitcoin ATMs to key population centers across the world with over 200 machines installed in the U.S. alone. CEO of Coinsource Sheffield Clark called the announcement a “landmark day for Coinsource” and an […]
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Bitcoin Foundation Challenges “French BitLicense” Proposed in PACTE Bill

On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings.The amendment was suggested by members of France’s new social liberal party […]
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“Someone’s Got to Be the Voice of Reason” — Kraken Responds to NY AG Report

The New York Attorney General’s office has pointed a finger at cryptocurrency exchange Kraken for “potential” violation of state regulations. Now, the San Francisco–based exchange is firing back, saying it does not appreciate what it sees as implications of illegality.“Someone has to be the voice of reason,” Jesse Powell, Kraken’s outspoken co-founder and CEO, told […]
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