The New York Department of Financial Services is requesting comments on its amendment to the BitLicense that would help smaller companies be regulated. The New York State Department of Financial Services, or NY DFS, is proposing a “Conditional BitLicense” framework to reform its controversial BitLicense regulation introduced in 2015. In a request for comment released […]
Continue ReadingAn evolving list of finance policies and practices suspended due to Coronavirus and their meaning for cryptocurrencies. By this point, everyone knows that Coronavirus, also known as COVID-19, has wreaked havoc on the world economy. The ongoing pandemic On March 13, crypto markets saw an unprecedented collapse alongside the worst day in the traditional markets […]
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As Bitcoin plunges close to its lowest levels since 2018, many are convinced that BTC is heavily interlinked with traditional markets. Since coming to power back in 2016, President Trump seemed to have reinvigorated the United States stock market after it showed signs of slowing down throughout the first half of the previous decade. Just […]
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Bitcoin price has dropped below $8K again but it appears the digital asset is gearing up to consolidate in the $8K to $8.2K range. Bitcoin (BTC) price has taken another dip below $8,000, dropping 5.11% to $7,728 after touching a daily high at $8,149. The pullback occurred shortly after the New York State Governor Andrew […]
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New York Governor Andrew Cuomo wants crypto businesses to pay for NYDFS’ oversight to “make progress happen.” Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes. The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require […]
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The New York State Assembly appointed six members to its Digital Currency Task Force. Joseph Lubin and a Microsoft rep. are just some of those on the list… In late July of 2019, the New York State Assembly appointed six members to its Digital Currency Task Force, claiming to be the first state-drafted crew across […]
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New York state lawmakers have appointed six experts from various fields to the New York State Digital Currency Task Force, which was created to provide regulatory insight. Legislators from the New York State Assembly have appointed six members to the New York State Digital Currency Task Force. In a video announcement on July 22, Assembly […]
Continue ReadingNew York state assemblyman Clyde Vanel has announced the creation of a crypto task force aimed at studying how to properly regulate, use, and define digital currency. An assemblyman of the New York state (NYS) legislature announced in a Facebook post on Jan. 3 that the state will have the nation’s “first” cryptocurrency task force. […]
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Under the guidance of Governor Andrew Cuomo, BitLicense was enacted in New York State, driving out digital currency exchanges and other blockchain companies that were the beginning of a growing industry. With the exception of a handful of companies that had the means and connections to acquire BitLicenses, many cryptocurrency firms are unable to conduct […]
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With Salt Lending, you leverage your blockchain assets to secure cash loans, and the application requires no credit check, making it appealing to people who are either limited in funds and credit history, or who may be unbanked. The company has announced a “200% increase in lendable areas.” In the US, they will provide blockchain-backed loans […]
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