The chief of New York's financial regulatory body said Tuesday that the agency is "fiercely opposed" to regulatory sandboxes for fintech firms
"Sandbox" is a bad term to describe these regulatory programs, under which financial technology solutions can be safely seeded, fed, and controlled.
Digital payments startup Square has received a BitLicense through the NY Department of Financial Services.
ItBit says it has received approval in New York state to expand its trading and custody services to include four more cryptocurrencies.
New York Department of Financial Services superintendent Maria Vullo defended regulators' actions in the crypto space during a panel discussion.
The license is has come in for intense criticism, in part because so few firms have been granted one.
Gemini exchange has added zcash trading and custody services in New York after receiving authorization from state's Department of Financial Services.
The New York State Department of Financial Services announced new guidance for virtual currency entities today.
New York passed the BitLicense in a vacuum. Now state and federal laws are catching up, often with poor coordination, causing a compliance nightmare.
The New York State Court granted a motion to dismiss a two-year one-man lawsuit that tried to overturn the existing New York bitcoin law.