Posts in category

BitLicense


South Korea is considering adopting an approval system for crypto exchanges based on New York’s BitLicense system, local news outlet BusinessKorea reports. BusinessKorea writes that it is unlikely any final decision will be made until after the June 2018 elections in the country. A government official spoke to them about the option as part of …

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South Korea is reportedly considering a technology-specific licensing scheme as part of it proposed regulation of cryptocurrency exchanges. According to BusinessKorea, a government official involved with a virtual currency task force said Sunday that such rules, which bear a similarity to New York’s controversial “BitLicense,” introduced in 2015, could be enacted or at least debated. The source …

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Sarah H. Brennan, a corporate and securities attorney, leads the blockchain technology, cryptocurrency and digital assets practice team at Lippes Mathias Wexler Friedman LLP. In June 2015, in a race to be a first mover in the space, the New York Department of Financial Services (DFS) enacted the BitLicense regulatory framework, a licensing regime that …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. BitLicense architect Ben Lawsky has joined fintech startup Ripple’s Board of Directors. Lawsky, a former federal prosecutor, was a thorn in the side of Wall Street banks during his tenure as the first-ever superintendent of the New York State Department of Financial …

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SegWit2x will result in cryptocurrency businesses operating in New York to break BitLicense rules “no matter the outcome” of the hard fork. An email sent to the New York Department of Financial Services (NYDFS) this week is causing more controversy over November’s planned chain split, accusing lawmakers of failing to act on legal obligations. “[…] …

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