Bitlicense

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.

Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS).

Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals.

"The licensing regime described is arbitrary and far-reaching," says Llew Claasen, executive director of the Bitcoin Foundation.

Although Kraken is happy to work with regulators and law enforcement, “we will not stand by silently while rights are trampled on," says CEO Jesse Powell.

From the beta release of Lightning to U.S. congressional hearings on ICOs, here are Bitcoin Magazine's top cryptocurrency and blockchain stories for the week of March 17.

"This legislation will give consumers and companies the confidence needed for widespread adoption of cryptocurrency in New York," says AM Ron Kim.

Japan's largest Bitcoin and blockchain company, bitFlyer, has now received an official license to operate in the state of Illinois.