BitLicense was granted after a thorough study of Ripple’s standards by New York Financial Watchdog.
Final version of bitcoin regulations for New York state was presented on Wednesday.
Benjamin Lawsky best known for his bitcoin regulations officially announced the end of his career as superintendent of New York Department of Financial Services.
The New York State Department of Financial Services (NYDFS) has finally released a revision to the original BitLicense proposed cryptocurrency regulations.
Coinbase is not licensed for serving its customers in California and New York.
Russia reduced fines for bitcoin promotion amid the Ukrainian government banned the use of cryptocurrency; the future of BitLicense remains unclear as its creator Benjamin Lawsky resigns.