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Bitstamp gets 19th bit license to expand service in the US

Coindesk reported on the 9th of this month that Europe’s leading cryptocurrency exchange Bitstamp has acquired a bit license in New York State . The exchange is expected to focus on service expansion in the United States in the future.

Acquires the 19th Bitstamp Bitstamp License

The New York State Department of Financial Services (NYDFS) licensed Bitstamp as the 19th bit license holder this Tuesday.

As a result, the same exchange will receive five types of Bitcoin ($ BTC), Lightcoin ($ LTC), Bitcoin cash ($ BCH), Ethereal ($ ETH), Ripple ($ XRP) for customers in New York State. It will be possible to provide a currency pair of.

Bitstamp has been applied since the introduction of the bit license in June 2015, and was one of the 22 originally applied.

Kodric CEO describes the NYDFS review process as follows:

“I was asked all questions, such as how the matching engine works in the review process, how we store the cryptocurrency, how to audit, etc. A bit license has to be followed in the day-to-day operation It’s an assortment of rules and procedures that you can run once to get a license. “

Bitstamp already has a license as a payment operator in Europe and can operate in 28 member countries.

Mr. Kodric said that the exchange had provided services in New York and in the United States before licensing, and has announced that it is planning to expand its services in the future.

Bittrex rejects the application and is forced to stop sales in NY

Meanwhile, Cointelegraph reported on the 10th that NYDFS denied Bittrex’s application.

NYDFS is reportedly giving written denial to Bittrex, and points out that the main causes are lack of measures against AML (Anti-Money Laundering Act), lack of employee training, and insufficient proof of assets. doing.

Bittrex will need to stop working in New York tomorrow, and will be required to provide evidence of the failure within 14 days.

The exchange has resisted the NYDFS decision and has made a statement on its official blog.

CoinSource Acquires First Bit License in NY State as Bitcoin ATM Operator-CRYPTO TIMES

Article Source: Coindesk, Cointelegraph, Bittrex

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/bitstamp-granted-bitlicense/

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