One of the (quietly) largest players in the institutional bitcoin space discusses the changing investor landscape in his first-ever podcast interview. Robby Gutmann is the co-founder of Stone Ridge Holdings Group, a $10 billion alternative asset manager and co-founder...
Crypto just got a shot at going mainstream in 2021. PayPal officially confirmed Wednesday that it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make cryptocurrency “a funding source...
New York’s financial watchdog has warned crypto companies that their BitLicense applications could be thrown out without warning if its feedback is not heeded. In an update Wednesday, New York’s Department of Financial Services (DFS) said a new three-strikes...
When the BitLicense was introduced in 2015, 15 crypto firms including international players like Hong Kong’s Bitfinex and Swiss company ShapeShift (which operates out of Denver) ceased operations in New York. In 2018, ShapeShift CEO Erik Voorhees called the...
New York’s BitLicense debuted in 2015 to mixed reviews. Many found the regulation to be too cumbersome and felt that crypto startups were being subjected to more onerous regulations than regular financial institutions. Others defended it on the grounds...
Five years after throwing up a wall around its market few crypto startups could scale – a wall known as the BitLicense – New York is handing down a ladder. The New York Department of Financial Services (NYDFS) said...
The first BitLicense was issued in 2015, just months after the regulatory regime was first implemented. A total of 25 entities are now approved to operate in New York by the Department of Financial Services, including six limited purpose...
For would-be U.S. lawmaker Jonathan Herzog, financial exclusion isn’t just a talking point, it’s lived experience. When launching his congressional run, he said, Herzog went to Bank of America and Citibank and tried to open a campaign checking account,...
Benjamin Lawsky, the former financial regulator who created New York’s BitLicense in 2015, joined New York Digital Investment Group Asset Advisory LLC (NYDIG) nearly a year before the bitcoin fund manager applied for, and received, that license. Lawsky’s ties...
Eris Clearing, the clearing and settlement arm of ErisX, has been awarded the hard-to-come-by Virtual Currency License from New York’s Department of Financial Services (NYDFS). “We are pleased that the New York Department of Financial Services recognized our commitment...