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.
Following Eric Schneiderman's abrupt resignation, the New York Attorney General's Office's "work continues," according to a spokesperson.
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.
South Korea is considering adopting a system similar to New York's "BitLicense" for the regulation of cryptocurrency exchanges, a report states.
New York passed the BitLicense in a vacuum. Now state and federal laws are catching up, often with poor coordination, causing a compliance nightmare.