New York Continues To Snub Crypto
It’s frustrating to be a crypto enthusiast who lives in New York State. You’d think that the home of Wall Street would be friendly to investors, but it turns out that this is only true if you invest via traditional markets and not digital asset markets. So, why is it so difficult to buy crypto in New York? The BitLicenseIn 2015, New York State’s Department of Financial Services (NYDFS) issued virtual currency regulation 23 NYCRR Part 200, more commonly known as the “BitLicense” regulation. Crypto exchanges must have a BitLicense to serve New York residents. You may be thinking, “Okay, so what?...