Latest BitLicense News

Double exposure of crypto currency theme hologram drawing and city view background
Business 11 January 2024

BitLicense oversight criticized in New York comptroller’s report

The 57-page report poked holes in the state Department of Financial Services’ management of BitLicense, including the lack of thoroughness on security checks of potential BitLicensees and a gap in filing anti-money laundering risk assessments.

Bitcoin crypto currebcy on US dollars. Digital currency concept
Business 19 April 2023

NYDFS to charge digital asset firms for supervision

First proposed in December, the new regulation was adopted this week and allows the New York Department of Financial Services to charge BitLicense holders for supervision—a practice common in finance.