By Gabriela Barkho
Regulation appears to be coming to the world of cryptocurrency, as online exchanges in China and South Korea have recently been shut down as government regulators rush to ban or at least minimize illegal coin mining.
And here in the United States, particularly in the state of New York — the home of Wall Street and the country’s finance capital — the state seems to be as strict as ever about granting cryptocurrency exchange platforms the legal status to operate.
To date, the New York Department of Financial Services has approved just six firms for virtual currency charters or licenses, while denying those applications that did not meet the department’s standards. What’s odd is that Binance, one of the most popular exchanges this side of Coinbase and perhaps the fastest growing on the planet, has never even applied for the license.
“DFS has not received an application for a license from Binance,” the department confirms to Inverse.
Click here for the full article.
Source: Inverse.com (via Empire Report New York)
No comments:
Post a Comment