New York State Department of Financial Services (DFS) Annual Report 2016
The New York State Department of Financial Services (DFS) annual report for 2016
Uniform Law Commission Seeks Unified Regulation For Virtual Currencies In America
The Uniform Law Commission (ULC) is a nonprofit was established in 1892 in order to drive consistency among US state laws. On the 9th October the commission will host the first meeting on the draft version of a Digital Currency License Act.
Trust Companies Cornering New York Bitcoin Market
New Yorks BitLicense sent waves through the community, and many Bitcoin companies have cut all ties to the state. While the regulation was criticised for grey areas, and imposing a high-barrier to entry, some companies are making the most of the situation.
Mass Exodus of Bitcoin Exchanges from New York State Triggered by BitLicense Deadline
At least ten bitcoin exchanges, including the exchanges with the highest volumes of USD and EUR trading, are pulling out of New York State as the Bitlicense deadline arrives.
New York And London Continue Battle For FinTech Dominance
New York and London consistently compete for the title of financial capital of the world. With a focus on FinTech, London is confident they will take the lead, but other contenders are entering the ring.
BitLicense Fallout
The controversial BitLicense has been through three revisions, and a final draft was announced on the June 3, 2015. In just over a month the regulatory license has already seen three companies discontinue business in the State of New York.
Lawskys’ Farewell
The New York State Department of Financial Services recently released the third and final regulation of Bitcoin, known as the BitLicense. The cryptocurrency community expressed concern over grey areas for startups.
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