Civil and criminal lawyer Jared Marx explains how US law applies to non-US cryptocurrency companies.
Bitcoin exchanges Kraken and Bitfinex have indicated they will not be applying for licenses to operate in New York.
With the passage of New York’s final BitLicense proposal, CoinDesk seeks responses from the digital currency community on the law and its impact.
NYDFS Superintendent Benjamin Lawsky could unveil the finalized BitLicense during a Washington DC speech tomorrow.
Houman B Shadab is a professor of law at New York Law School. Here, he discusses what itBit’s recent banking law charter means for other digital currency exchanges operating in the US and beyond.
Since their inception, bitcoin exchanges have operated under a fog of legal uncertainty. Just one day after the New York-based exchange itBit announced it had obtained a banking law charter giving it the ability to operate in all 50 states, a California official called that into question.