BitPay and Circle revealed their position on the BitLicense initiative with the comment period came to the end.
Anchorage Digital has received BitLicense to offer crypto linked services to residents of New York amid its broad expansion plans.
The NYDFS has been holding discussions with both parties in the US House and Senate.
The GMO Trust secures BitLicense to float a Japanese Yen stablecoin in the public. This is for the first time that a company has received approval to bring a JPY-pegged stablecoin.
The only exception to this is if such businesses have obtained a ‘reciprocal’ license from another state that is deemed appropriate for authorization to operate cryptocurrency services in the state of New Jersey.
With OCC’s license, it will be easier for SoFi to become a national bank. However, the company still has to wait for formal approval from the Federal Deposit Insurance Corporation and the Federal Reserve.
Stone Ridge’s recent announcement is a work in progress that started in 2017 when it came up with New York Digital Investment Group (NYDIG), its first independent subsidiary.
The New York Department of Financial Services proposed new licensing rules that would make it easier for companies to work with crypto in the state by earning “conditional” BitLicenses to operate cryptocurrency businesses.
Following a strategic post COVID-19 initiative by officials of the New York Department of Financial Services and France’s Autorité de Contrôle Prudentiel et de Résolution, the two regions signed a Memorandum of Understanding,
Ripple had a closed-door meeting with the central bank of Brazil on May 30 to discuss “institutional matters”. According to the financial institution’s website, its president Roberto Campos Neto had a video conference with Ripple CEO Brad Garlinghouse and three other representatives of the crypto firm.
With the new changes to the BitLicense rules, NYDFS will allow exchanges to self-certify the listing and adoption of new tokens approved by the regulator.
SoFi crypto investment firm will facilitate cryptocurrency trading in the New York State as its application for BitLicense was approved.
It has become known that the information about the acquisition of Tagomi by Coinbase for $150 million is absolutely false.
Now residents in 47 U.S. states have access to trading 7 digital assets free of charge on the Robinhood platform.
Bitstamp and BitGo announced their partnership aiming to offer clients secure storage for cryptocurrency assets using safer tactics such as private account keys and on-chain asset segregation.
BitPay users will be able to accept Ethereum for payments, store Ethereum in a BitPay wallet and get access to Ethereum on BitPay prepaid Visa cards.