http://en.zaoniao.it/index.php?action=history&feed=atom&title=BitLicense 2026-05-15T09:08:43Z Revision history for this page on the wiki MediaWiki 1.32.0 http://en.zaoniao.it/index.php?title=BitLicense&diff=3232&oldid=prev 2019-04-14T08:24:06Z

<p>Created page with &quot;{{#seo: |title= BitLicense - business license. All about cryptocurrency - zaoniao Wiki |keywords= bitcoin, exchange, BitLicense, business license |description= BitLicense is...&quot;</p> <p><b>New page</b></p><div>{{#seo:<br /> |title= BitLicense - business license. All about cryptocurrency - zaoniao Wiki<br /> |keywords= bitcoin, exchange, BitLicense, business license<br /> |description= 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<br /> }}<br /> &lt;amp/&gt;<br /> 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 [[regulation]]s designed for companies. The regulations are limited to activities involving New York or a New York resident. Those that reside, are located, have a place of business, or are conducting business in the State of New York count as New York Residents under these regulations.<br /> <br /> ==Overview==<br /> The regulations define virtual currency business activity as any one of the following types of activities:<br /> * receiving virtual currency for Transmission or Transmitting virtual Currency, except where the transaction is undertaken for non-financial purposes and does not involve the transfer of more than a nominal amount of virtual currency;<br /> * storing, holding, or maintaining custody or control of virtual currency on behalf of others;<br /> * buying and selling virtual currency as a customer business;<br /> * performing Exchange Services as a customer business, or;<br /> * controlling, administering, or issuing a virtual currency.<br /> But, the 2 following activities are excluded from the definition of virtual currency business activity:<br /> * development and dissemination of software in and of itself;<br /> * merchants and consumers that utilize virtual currency solely for the purchase or sale of goods or services or for investment purposes. The proposed regulations were officially published in the ''[[New York State Register]]'' on July 23, beginning a 45-day comment period.<br /> <br /> It came into effect on August 8, 2015. At least ten [[bitcoin]] companies announced they were stopping all business in [[New York (state)|New York State]] because of the new regulations. The ''New York Business Journal'' called this the &quot;Great Bitcoin Exodus&quot;.<br /> <br /> In October 2015, an article 78 was filed in the Supreme Court of the State of New York challenging the authority of the [[New York State Department of Financial Services]] to define virtual currency. Justice St George heard the case on October 10, 2017 and will render her decision on January 11, 2018<br /> <br /> In July 2016, San Francisco-based [[Ripple (company)|Ripple]] was awarded the second BitLicense.<br /> <br /> ==External links==<br /> * [https://govt.westlaw.com/nycrr/Browse/Home/NewYork/NewYorkCodesRulesandRegulations?guid=I7444ce80169611e594630000845b8d3e&amp;originationContext=documenttoc&amp;transitionType=Default&amp;contextData=(sc.Default) Virtual Currencies] in (Part 200 of Title 23 of) the [[New York Codes, Rules and Regulations]] <br /> * [http://www.dfs.ny.gov/legal/regulations/bitlicense_reg_framework_faq.htm BitLicense Frequently Asked Questions] From NYSDFS<br /> <br /> ==Source==<br /> <br /> [http://wikipedia.org/ http://wikipedia.org/]<br /> ==See Also on BitcoinWiki==<br /> * [[ThinkCoin]]<br /> * [[BitNautic]]<br /> * [[Zealeum]]<br /> * [[Insureum]]<br /> * [[Wizebit]]</div>

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