The New York State Department of Financial Services (NYDFS) yesterday announced the creation of a new division for licensing crypto-businesses. The ‘Research and Innovation’ Division will supervise and license virtual currencies, address financial inclusion through technology, protect consumer data rights, and encourage innovation in the financial services marketplace. A New ‘BitLicense’ Division Four years ago, NYDFS introduced the notorious BitLicense, for crypto companies wishing to partake in ‘virtual currency activities’. Since its introduction, only a relative handfulRead MoreThe post Good News For Bakkt? NYDFS Announces Crypto-Licensing Division appeared first on Bitcoinist.com.
