Blockchain and the City: New York State as a “Tough” Model of Crypto Regulation

The financial capital of the world can afford to be picky — but does it stifle fintech innovation? Recently the New York Department of Financial Services (NYDFS) grant statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of […]

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Larry Sharpe & Why the NY Gubernatorial Election Matters for Crypto Nationwide

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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