BitLicense

licensed
A BitLicense is the common term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies.wikipedia
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New York State Department of Financial Services

Department of Financial ServicesBankingDepartment of Financial Services (DFS)
A BitLicense is the common term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies.
On July 17, 2014, the department released details on a proposed BitLicense, which places regulations on any company or person that uses cryptocurrencies residing in New York.

Circle (company)

CircleCircle Financial
In September 2015, Boston-based Circle was granted the first BitLicense, although in December 2016 the company had pivoted away from its bitcoin exchange to focus more on payments.
In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services.

Ripple Labs

RippleRipple Labs Inc.Ripple Labs, Inc.
In July 2016, San Francisco-based Ripple was awarded the second BitLicense.
On June 13, 2016, Ripple obtained a virtual currency license from the New York State Department of Financial Services, making it the fourth company with a BitLicense.

Virtual currency

virtual currenciesdigital tokensvirtual
A BitLicense is the common term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies.
In July 2014, the New York State Department of Financial Services proposed the most comprehensive regulation of virtual currencies to date commonly referred to as a BitLicense.

Coinbase

Brian Armstrong
In January 2017, San Francisco-based Coinbase, one of the most heavily funded startups in the Bitcoin industry, was awarded the third BitLicense.
In January and then March 2017, Coinbase obtained the BitLicense and licensed to trade in Ethereum and Litecoin from the New York State Department of Financial Services (DFS).

Business license

business permitbusiness licenceBusiness licensing
A BitLicense is the common term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies.

Regulation

regulationsregulatorygovernment regulation
A BitLicense is the common term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies.

Benjamin Lawsky

Benjamin Lawsky
The license was introduced and designed by Benjamin Lawsky, New York's first Superintendent of Financial Services, in July 2014.

Cryptocurrency

cryptocurrenciescrypto-currencyaltcoin
On July 17, 2014, the department released details on a proposed "BitLicense", which places regulations on any company or person that uses cryptocurrencies residing in New York.

New York State Register

The proposed regulations were officially published in the New York State Register on July 23, beginning a 45-day comment period.

Bitcoin

bitcoinsbitcoin walletBitcoin blockchain
At least ten bitcoin companies announced they were stopping all business in New York State because of the new regulations.

New York (state)

New YorkNYNew York State
At least ten bitcoin companies announced they were stopping all business in New York State because of the new regulations.

BitFlyer

In November 2017, Tokyo based bitFlyer was awarded the fourth BitLicense and Genesis Global Trading was awarded the fifth BitLicense in May 2018.

Xapo

In June 2018, Hong Kong based Xapo was awarded the sixth BitLicense and Square Inc. was awarded the seventh BitLicense.

Square, Inc.

SquareViewfinder
In June 2018, Hong Kong based Xapo was awarded the sixth BitLicense and Square Inc. was awarded the seventh BitLicense.

Gemini (company)

Gemini
In June 2016, according to CNBC report, Gemini became the world's first licensed ether exchange.

Kraken (company)

KrakenKraken cryptocurrency exchangeKraken exchange
Six months after Kraken declared that it would not seek a BitLicense, the then newly established regulation for bitcoin businesses serving New York residents, the exchange was finally able to regain access to the North American market in January 2016 by acquiring the NY-based exchange Coinsetter.

Digital currency

electronic moneydigital currencieselectronic purse
In July 2014, the New York State Department of Financial Services proposed the most comprehensive regulation of virtual currencies to date, commonly called BitLicense.

Marcia Hofmann

Since then, she has helped represent Freedom of the Press Foundation in its ongoing lawsuits against the Justice Department, filed amicus briefs on behalf of several entities in Twitter's lawsuit against the Justice Department over the right to reveal surveillance requests, submitted comments on behalf of the EFF, Internet Archive, and Reddit to the New York State Department of Financial Services concerning its proposed BitLicense regulation, and commented to the United States Copyright Office on an exemption for security research to the prohibition of circumventing copyright protection systems in vehicles.

ShapeShift

On 11 June 2015, ShapeShift "cut off service to New York in response to the state’s new regulatory policy for digital currency businesses, ... BitLicense," which was released in June with the final regulations approved in August.

LocalBitcoins

In August 2015, LocalBitcoins ceased to operate in New York state because sellers would have to purchase a BitLicense from the New York State Department of Financial Services to remain in compliance with local financial regulations.