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.
SoFi will now offer crypto trading services to New York residents after receiving the coveted BitLicense from the New York Department of Financial Services.
Mark Scott is being tried in a court in New York, accused of routing the proceeds of crypto scam One Coin, amounting to $400 million, out of the United States illegitimately.
Nathan Mullins and Blake Harrison Kantor were charged with fraud, basing the allegations on a binary option scam that involved virtual currency that was dubbed as “ATM Coin.”
Bittrex customers hoped recent news might mean the exchange could reopen to New York, but that’s not the case.
The deputy superintendent will fill a new position in the recently created Research and Innovation Division of the New York State Department of Financial Services.
Dr. Wright and Jimmy will be part of a distinguished list of guests who’ll address diverse issues relating to the blockchain and cryptocurrency industry come October 10.
Tether issued a statement in response to Monday’s New York State Supreme Court ruling, saying that they are “disappointed” but will file an appeal.
Bitfinex’s attempt to assert that New York has no jurisdiction over its operations, since it allegedly doesn’t operate in the U.S., has been rebuked.