New York Rejects Bittrex Exchange’s BitLicense Application
NYDFS has rejected Bittrex's application for a BitLicense, citing "inadequate" AML compliance among other reasons.
The crypto exchange will again extend its deadline for New York customers to withdraw funds from their accounts following the regulator's approval.
Bittrex's implementation of the intelligence software may help prevent bad actors from operating on the American exchange.
Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations, but there are conditions.
Crypto exchange Bittrex says New York regulators erred in identifying two of its users as North Korean.
Bittrex is not telling the full story about its BitLicense denial, a New York Department of Financial Services official writes.