On September 18, 2023, the New York Department of Financial Services (“DFS”) announced new proposed guidance for BitLicense holders and certain limited-purpose trust companies (“VC entities”) seeking to list virtual currencies on their platforms. The proposed guidance would replace existing DFS procedures and establish new protocols for listing virtual currencies that are not subject to the DFS greenlist.
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DFS
DFS Denies Bittrex Applications for New York Virtual Currency and Money Transmitter Licenses
By Scott H. Kimpel on
Posted in Regulatory
In a letter released to the public on April 10, 2019, New York’s Department of Financial Services (DFS) denied Bittrex’s two separate applications to engage in a virtual currency business and to engage in money transmission activity in New York state.
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New York DFS Licenses First Bitcoin Teller Machine Operator
By Scott H. Kimpel on
Posted in Cryptocurrencies
On November 1, 2018, the New York Department of Financial Services announced its approval of the first virtual currency license for an operator of Bitcoin teller machines. According to DFS, to date it has now approved 12 charters or licenses for companies in the virtual currency space.
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