Seattle-based cryptocurrency exchange Bittrex has been rejected a much-coveted BitLicense by the New York Department of Financial Services (NYDFS). This is the first snub by the US regulator in two years. Multiple reasons for the rejection The exchange received multiple deficiency letters from the US regulator, but there are still some concerns. ‘Throughout Bittrex’s application process, the Department worked steadily with Bittrex to address continued deficiencies and to assist Bittrex in developing appropriate controls and compliance programs commensurate with the evolving nature of the sector,’ states Daniel ... (full story)