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New York’s Financial Regulator Is Reviewing the Controversial BitLicense

New York’s Financial Regulator Is Reviewing the Controversial BitLicense

The New York Department of Financial Services (NYDFS) is revisiting its controversial virtual currency license, the regulator’s head said Tuesday. Speaking at Georgetown University’s Institute of International Economic Law during DC Fintech Week, NYDFS Superintendent Linda Lacewell said the agency was looking into the BitLicense, which requires any companies conducting cryptocurrency transactions with New York residents to be licensed to operate within the state – even if the companies are based elsewhere.