why is btc so strict in nyc

Last Updated on March 18, 2024 by Paganoto

What to know about cryptocurrency, Eric Adams and NYC – NY1

What to know about cryptocurrency, Eric Adams and NYC – NY1

New York’s license is called a BitLicense, and currently only 29 companies have approval through the state to trade cryptocurrencies. This year …

Why is New York excluded in so many cryptocurrency policies?

Why is New York excluded in so many cryptocurrency policies?

Because New York regulations (not JUST that Bitlicense thing, but mostly) are by far the most restrictive in the USA, and the COSTS make it prohibitive for many …

New York Gets Tough on Crypto Lenders. What it Means For …

New York Gets Tough on Crypto Lenders. What it Means For …

The BitLicense regulation it passed in 2015 means any company wanting to buy, sell, store, or issue a virtual currency would need a license.

Eric Adams' Plans to Make New York a Crypto Hub Are Easier …

Eric Adams' Plans to Make New York a Crypto Hub Are Easier …

The BitLicense is a golden ticket to operate in New York, but getting one is difficult, expensive and rare. Just 22 crypto companies currently …

Why NYC should embrace the crypto revolution – NY Daily News

Why NYC should embrace the crypto revolution – NY Daily News

Unfortunately, this sector of the economy continues to be dogged by stereotypes and misconceptions, with many claiming it is nothing more than …

New York City's Eric Adams Is a Pro-Crypto Mayor in an Anti …

New York City's Eric Adams Is a Pro-Crypto Mayor in an Anti …

New York State has some of the most stringent rules around cryptocurrencies in the U.S. The so-called BitLicense regulation passed in 2015 …

Crypto Regulations in New York – Gemini

Crypto Regulations in New York – Gemini

Nearly six years after Bitcoin’s genesis block, the New York State Department of Financial Services (NYDFS) took notice of cryptocurrency’s potentially …

Crypto City: Guide to New York – Cointelegraph Magazine

Crypto City: Guide to New York – Cointelegraph Magazine

New York City is a notoriously difficult place in which to trade cryptocurrencies, as only exchanges that have been awarded a coveted BitLicense …

How Wall Street Escaped the Crypto Meltdown

How Wall Street Escaped the Crypto Meltdown

As cryptocurrency prices plunged and funds failed, strict rules on … Goldman Sachs put Bitcoin prices on its client portals so clients …

How Bitcoin mining devastated this New York town

How Bitcoin mining devastated this New York town

Cryptocurrency notoriously devours electricity; each Bitcoin transaction consumes 1,173 kilowatt-hours—more than the average American uses in a …