Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry jobs in the state.
In a letter dated April 10, 2019, the New York State Department of Financial Services (NYDFS) rejected the cryptocurrency exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
Bitstamp, one of the largest crypto exchange platforms in Europe, has been become the 19th firm approved to offer crypto-based services in the world's financial center.
Investors who use BitGo's custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange.
Under the BitLicense, NYDIG Execution LLC is now allowed to offer secure custody and trade execution services, as well as to operate as a custodian for virtual currencies, including bitcoin, bitcoin cash, ether, ripple and litecoin.