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NYDFS: Why We Rejected Bittrex's Application for a BitLicense

From coindesk.com

Bittrex purportedly aims to get the facts straight about the denial of its license applications by the New York State Department of Financial Services (DFS) in recent statements to the media (including CoinDesk). But, the cryptocurrency exchange leaves out the context necessary to understand its failures to comply with DFS’s licensing requirements, it continues to misstate the facts and it presents a misleading picture about the denial. First, Bittrex claims that DFS did not provide guidance to the company and that the company’s applications sat on DFS’s desk “for years.” These statements are untrue. Bittrex either ... (full story)

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  • Category: Fundamental Analysis