New York, New York: Bitstamp Obtains BitLicense, Plans to Expand Into US

nyc

Bitstamp now can officially offer cryptocurrency trading services in the state of New York after the state’s Department of Financial Services granted the exchange a BitLicense.  Obtaining a BitLicense is undoubtedly good news for the traditionally European-focused Bitstamp, which will now find it easier to make inroads into the United States cryptocurrency trading ecosystem and expand its presence in the large North American market. Stated the Luxembourg-based exchange in an official announcement: Bitstamp has always

The post New York, New York: Bitstamp Obtains BitLicense, Plans to Expand Into US appeared first on Bitcoinist.com.

Top 3 Worst US States for Bitcoin Regulation

new york nyc Bitcoin regulation

Delayed Bitcoin ETFs, subpoenas, and blockchain businesses forced to close, Bitcoin regulation in the U.S. is hardly encouraging innovation. If you’re looking for friendly pastures for your cryptocurrency company, avoid these three states at all costs. 1. New York New York has consistently hit the top of the list for its unsympathetic Bitcoin regulation. Its infamous BitLicense has been called out as “regulatory overreach” by many a key figure in the industry. These include ShapeShift’s

The post Top 3 Worst US States for Bitcoin Regulation appeared first on Bitcoinist.com.

NY Regulators Issue BitLicense to Company With 88 Bitcoin ATMs

new york bitlicense Bitcoin ATM

The New York State Department of Financial Services (NYDFS) has granted yet another Virtual Currency License (BitLicense) to one more NY-based bitcoin ATM company. Cottonwood Vending Gets the Green Light In a tweet on the official page of the NYDFS, the regulator announced that it has granted a BitLicense to Cottonwood Vending LLC, a Bitcoin ATM company in New York. DFS Grants Virtual Currency License to Cottonwood Vending LLC, Continues to Advance Responsible Innovation in

The post NY Regulators Issue BitLicense to Company With 88 Bitcoin ATMs appeared first on Bitcoinist.com.

New Yorkers Can Now Use The Robinhood App; Buy Bitcoin With a Debit Card

nyc

The New York State Department of Financial Services (DFS) has granted the BitLicense to cryptocurrency trading app Robinhood as well as LibertyX, which allows users to buy bitcoin with debit cards at regular ATMs.  Robinhood Comes to New York The New York’s DFS has officially approved a virtual currency license (BitLicense) and a money transmitter license to popular stock and cryptocurrency trading app Robinhood. Per the license, Robinhood is now permitted to provide services involving seven

The post New Yorkers Can Now Use The Robinhood App; Buy Bitcoin With a Debit Card appeared first on Bitcoinist.com.

Opinion: Winklevoss Twins Spam NYC With Ads ‘Proving’ Their Superiority

NYC

The Winklevosses certainly aren’t just twiddling their thumbs whilst waiting for an SEC decision on their ETF. This week saw them shilling their Gemini cryptocurrency exchange by spamming New York City with ‘regulations are good’ adverts. Crypto Needs Rules… But Does It? The message that the adverts purportedly push, is that regulatory measures lead to a future cryptocurrency market without the chaos. Slogans such as ‘The Revolution Needs Rules’, ‘Money Has A Future’, and ‘Crypto Without Chaos’ have sprung

The post Opinion: Winklevoss Twins Spam NYC With Ads ‘Proving’ Their Superiority appeared first on Bitcoinist.com.

First Bitcoin ATM Installed in ECB’s Own Backyard

ECB

Germany has just got its second Bitcoin ATM in Frankfurt, home of the European Central Bank, as the total worldwide machine count hits 4000 for the first time. Bitcoin ATM Arrives in Frankfurt As local media reported November 23, Bitcoin-Store Frankfurt in Germany’s financial center and home of the European Central Bank (ECB) is now home to one of only two BTMs currently operational in the country. Under the auspices of founder Oliver Pangratz, Bitcoin-Store

The post First Bitcoin ATM Installed in ECB’s Own Backyard appeared first on Bitcoinist.com.

New York Regulator Issues BitLicense to NYDIG For Custody and Trading

new york taxi regulations bitcoin

New York State Department of Financial Services (NYDFS) has approved cryptocurrency-related company NYDIG’s application for a digital currency license and a money transmission license. Bitcoin Custody Approved in New York State The NYDFS has formally authorized cryptocurrency-related company NYDIG to offer secure custody as well as trade execution services for several virtual currencies including Bitcoin Cash, Ether, XRP, and Bitcoin. With the newly issued BitLicense, the company is able to provide its customers with several

The post New York Regulator Issues BitLicense to NYDIG For Custody and Trading appeared first on Bitcoinist.com.

Square Secures Patent for Crypto Payment System

Mobile Payment Company Square Secures Patent for Crypto Payment System

Payment processing company Square has received approval from the U.S. Patent and Trademark Office (USPTO) regarding a new payment network, permitting the use of cryptocurrencies.  According to published documents, Square Inc. has received approval from the USPTO for a patent concerning a new payments system that would permit merchants to accept any currency, including digital ones. A Big Step Foreword for Square Square filed the patent back on September 22, 2017. It notes how: The

The post Square Secures Patent for Crypto Payment System appeared first on Bitcoinist.com.

Bitcoin Trading Nets Square $37 Million in Q2 2018

Square Cash App

Square has announced earnings of $37 million for the second quarter of 2018 on its peer-to-peer mobile money app, Square Cash. However, even though some of its financial results exceeded expectations, the company still made a net loss of $6 million across the business.  Steadily Increasing Bitcoin Trading Revenue Based on the second quarter performance report released by Square, Bitcoin trading revenue is steadily increasing. However, despite this increase, the company barely made a profit

The post Bitcoin Trading Nets Square $37 Million in Q2 2018 appeared first on Bitcoinist.com.

Square Cash App Gets Bitcoin Trading License in New York

Square, a payment processing company owned by Twitter CEO Jack Dorsey, has obtained a New York BitLicense. The firm announced the news on Twitter on June 18, 2018. The license grants approval for the company to offer Bitcoin trading services in New York via its Cash app. ‘The Missing Piece of the Puzzle’ BitLicense is the colloquial term given to the business license issued by the New York State Department of Financial Services (NYDFS) to

The post Square Cash App Gets Bitcoin Trading License in New York appeared first on Bitcoinist.com.

New York to Probe Major Cryptocurrency Exchanges

New York is planning to probe 13 different cryptocurrency exchanges, including Coinbase.  Making Cryptocurrency Exchanges More Transparent According to a recent CNBC report, New York Attorney General  Eric Schneiderman is currently investigating 13 different cryptocurrency exchanges. One of the most popular Bitcoin wallets, Coinbase, is also being investigated. As for the investigation, Schneiderman states: Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms, The

The post New York to Probe Major Cryptocurrency Exchanges appeared first on Bitcoinist.com.

Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators

The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers. Kraken Rails Against Attorney General’s ‘Disrespect’ In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business. When it launched the Initiative April 17, Schneiderman’s office explained it

The post Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators appeared first on Bitcoinist.com.

Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators

The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers. Kraken Rails Against Attorney General’s ‘Disrespect’ In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business. When it launched the Initiative April 17, Schneiderman’s office explained it

The post Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators appeared first on Bitcoinist.com.

South Korea ‘Positively Considering’ Cryptocurrency Exchange Licenses

South Korea is now considering a licensing scheme for cryptocurrency exchanges in a major U-turn on its previous suggestion to ban them. Govt. To Debate ‘Exchange Approval System’ As local news media outlet Business Korea reports Monday, lawmakers from a dedicated “cryptocurrency task force” are examining the option of following in the footsteps of New York and Japan in vetting exchange operators before allowing them market entry. The New York scheme is several years old

The post South Korea ‘Positively Considering’ Cryptocurrency Exchange Licenses appeared first on Bitcoinist.com.