BitGo Hires Former NY BitLicense Deputy as Chief Operating Officer

Cassie Lentchner, the crypto custodian’s new COO, joins as BitGo merges with Galaxy Digital.

Business  ·  18 May 2021

Bitcoin Company Bakkt Awarded BitLicense in New York

The bitcoin-focused subsidiary of Intercontinental Exchange was awarded both virtual currency and money transmitter licenses.

News  ·  11 March 2021

Former BitLicense Chief to Manage Andreessen Horowitz’s Cryptocurrency Efforts

Anthony Albanese will become chief regulatory officer for the tech ventures giant in November.

Policy & regulation  ·  28 October 2020

PayPal Pledges to Bring Crypto to 26M Merchants, Confirming Market Entry

The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.

Policy & regulation  ·  21 October 2020

Stone Ridge Calls Its $114M in Bitcoin ‘Primary Treasury Reserve Asset’; NYDIG Unit Raises $50M

NYDIG raised the $50 million from FinTech Collective, Bessemer Ventures and Ribbit Capital.

News  ·  13 October 2020

NYDFS Chief Calls Industry Reaction to BitLicense Changes ‘Beyond Positive

NYDFS Superintendent Linda Lacewell said she decided to review the regulator's landmark virtual currency license in light of its impending 5-year anniversary.

Policy & regulation  ·  15 July 2020

New York Regulator Adds 3-Strike Rule for BitLicense Applicants

The regulator hopes the new three-strike rule will encourage BitLicense applicants to ensure they've taken its feedback on board.

Policy & regulation  ·  26 June 2020
News Roundup

Blockchain Bites: BitLicense at 5, Lawsky’s Fallacy and Hehmeyer’s Pivot

As the BitLicense turns five, the issuing watchdog looks to lure blockchain startups to New York, while a major brokerage firm is pivoting to crypto.

News  ·  24 June 2020

BitLicense at 5: For Startups Regulated Overseas, New York Isn’t So Tough

While some exchanges left New York in the wake of its implementing the BitLicense, others say the regulatory regime have helped build market share and revenue.

Policy & regulation  ·  24 June 2020

BitLicense Recipients

A list of all New York Department of Financial Service BitLicense and limited purpose trust charter recipients.

Policy & regulation  ·  24 June 2020

Meet the Pro-Bitcoin, Anti-BitLicense Democrat Running for State Office

Patrick Nelson has been an advocate for bitcoin in his seven-year political career. He wants to see New York's BitLicense reformed and blockchain voting used in special cases.

People  ·  10 June 2020

Ex-Yang Aide Is Running for Congress With Bitcoin and UBI on His Mind

A former Yang aide running for Congress sees Bitcoin as a liberator, New York’s BitLicense as a hindrance and universal basic income as an imperative.

People  ·  4 June 2020

Fund Manager Got NY BitLicense 11 Months After Hiring Its Architect

Benjamin Lawsky, the former regulator who created New York’s BitLicense in 2015, joined a bitcoin fund manager nearly a year before it applied for, and received, the license.

News  ·  13 May 2020
New York

ErisX Becomes Latest Crypto Firm to Receive New York’s BitLicense

Eris Clearing, the clearing and settlement arm of ErisX, has been awarded the hard-to-come-by Virtual Currency License from New York's Department of Financial Services.

News  ·  6 May 2020

What It Takes to Get a Crypto-Friendly Bank Charter in Wyoming

An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.

Business  ·  14 January 2020