Coinsetter to Apply for New York State BitLicense 1

The New York State Department of Financial Services (NYDFS) today issued a public announcement that it will consider formal proposals and applications in connection with the establishment of regulated virtual currency exchanges. We view the NYDFS’s announcement as a positive step forward in enabling US traders to trade bitcoin on domestically located exchanges. Furthermore, it will create a regulatory framework that allows bitcoin to grow as a technology.

Coinsetter is pleased to announce that we will soon be submitting an application for a BitLicense. If accepted, our regulatory licensing will allow us to offer a fully compliant trading platform with US banking options. Many users have reached out to us about our ability to accept ACH deposits, domestic wire transfers, and other US banking services. This licensing will enable us to accomplish all of that and more. We are excited to work with the NYDFS to bring a safe and transparent bitcoin exchange to the US market.

Jaron

CEO & Founder at Coinsetter
Jaron Lukasiewicz is the CEO and Founder of Coinsetter, a New York City-based company that offers a high performance ECN trading platform and exchange for bitcoin. He is a frequent speaker at events on the topic of bitcoin and financial technology, being featured in The Wall Street Journal, The Financial Times, Bloomberg, CNBC, Fox Business, TechCrunch, Mashable, Entrepreneur, Institutional Investor, Forex Magnates and other news media.

One comment on “Coinsetter to Apply for New York State BitLicense

  1. Pingback: New York allows creation of cryptocurrency exchanges and Coinsetter is not wasting any time | BitCoin Examiner

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