BitFlyer expands to USA

The New York State Department of Financial Services (DFS) has approved the application of bitFlyer for a virtual currency license
29 November 2017   514

Bitflyer, the world’s largest cryptocurrency exchange, received approval from the New York State Department of Financial Services for a "BitLicense" and now bitFlyer USA is approved to offer an online digital currency exchange and trading platform as well as provide custodial wallet services for the Bitcoin digital currency.

Tokyo-based bitFlyer has become the fourth digital currency exchange to receive approval for a "BitLicense". This brings the total number of states in which bitFlyer can operate to 40. Apart from bitFlyer, DFS has granted licenses to Coinbase Inc., XRP II and Circle Internet Financial.

Bitflyer is proud to have been granted a Bit License to do business in the state of New York. This is a nod of approval from one of the most influential state financial services regulators in the nation.

 

Yuzo Kano

CEO, bitFlyer

Bitflyer provides trading of bitcoin, bitcoin cash, and ethereum against the yen, with 24-hour BTC volume of around US $250 million. This accounts for 94% of all trading activity on the platform. Now, the company will be able to significantly broaden its customer base and to meet the needs of americans to buy cryptocurrencies.

Arizona to Protect Crypto Nodes Legally

According to the public records, proposed protections for cryptocurrency node operators are moving ahead in Arizona's legislature
21 February 2018   43

On February 6 House Bill 2602 was filed by Representative Jeff Weninger (R.-17). It passed the Arizona House of Representatives on February 20 with 55 out of 60 votes. Now it will be sent to the State Senate.

The bill will prevent governments in the state from imposing restrictions on people who run nodes in their residences.

The bill does not specify whether it is restricted to cryptocurrency miners. However, the bill states that individuals using computing power to either validate or encrypt a transaction on a blockchain are protected.

This is just one out several bills making their way through the Arizona legislature. Another bill by Weninger would formally define the terms "coin", "blockchain," and "initial coin offering" within the state's legal framework.

Another bill recently passed by the Arizona Senate which would empower the state government to accept taxes in bitcoin and other cryptocurrencies.