The New York Department of Financial Services has set out what it describes as the “first step” to reviewing the license, which has been in operation since 2015.
Bittrex customers hoped recent news might mean the exchange could reopen to New York, but that’s not the case.
The New York Department of Financial Services has provided further explanation for why Bittrex didn’t get a BitLicense, but the exchange is not buying it.
Bittrex was denied its New York BitLicense, but its arguing that if it lost that opportunity because of North Koreans, that’s pretty unfair.
In a blow to the U.S.-based exchange, the New York Department of Financial Services said it would not be approving Bittrex’s application for a virtual currency license.
The New York Department of Financial Services (NYDFS) has authorized a new system from Signature Bank which will allow corporate customers to make bank payments in a form of virtual currency.