NYDFS has granted a third bitcoin ATM operator a BitLicense Thursday, with Cottonwood Vending LLC becoming the latest recipient.
New York will be forming a task force to analyze the crypto space, which may go as far as proposing updated regulations for the state.
Bitcoin ATM operator Coinsource has received a BitLicense from New York's financial watchdog, a full three years after first applying.
Digital payments startup Square has received a BitLicense through the NY Department of Financial Services.
The license is has come in for intense criticism, in part because so few firms have been granted one.
Jesse Powell and Erik Voorhees delivered red-meat rhetoric but also made subtler points about New York's cryptocurrency regulations at Consensus 2018.
Maria Vullo highlighted the state's early involvement in cryptocurrency. But many think New York's BitLicense desperately needs an overhaul.
There's a new New York lawmaker on the scene and he wants to end a years-long policy that has held back crypto startups in the state.
Square is in the process of applying for a BitLicense in a bid to expand its Cash App's bitcoin option to New York residents.
Two New York state senators held a roundtable Friday on the controversial BitLicense regulation, and said legislation to reform it may come soon.
