New York Crypto News: BitLicense Applicants Face New Deadline
Applicants for a BitLicense in New York have been given a new deadline to submit their applications.
The New York State Department of Financial Services (NYDFS) has extended the deadline for BitLicense applications to September 1, 2023.
The BitLicense is a regulatory framework that governs the sale of cryptocurrency in New York.
The NYDFS has said that the extension is being granted to give applicants more time to comply with the new requirements.
The BitLicense requirements have been revised several times in recent years, and the NYDFS has said that it is important to give applicants enough time to understand and comply with the latest changes.
The BitLicense is a controversial regulation, and some cryptocurrency businesses have criticized it as being too burdensome.
However, the NYDFS has defended the BitLicense, saying that it is necessary to protect consumers and prevent fraud.
New York City Council Considers Bill to Regulate NFTs
The New York City Council is considering a bill that would regulate non-fungible tokens (NFTs).
The bill, which was introduced by Councilmember Ritchie Torres, would require NFT issuers to register with the city and provide certain disclosures to consumers.
The bill would also prohibit the sale of NFTs that are based on images of real people without their consent.
Torres has said that the bill is necessary to protect consumers from fraud and abuse.
He has also said that the bill would help to ensure that NFTs are used for legitimate purposes.
The bill is still in the early stages of consideration, and it is not clear when it will be voted on by the council.
New York State Regulators Investigating Celsius
New York state regulators are investigating Celsius Network, a cryptocurrency lending platform that has recently suspended withdrawals and transfers.
The New York Department of Financial Services (NYDFS) has said that it is investigating Celsius to determine whether the company has violated any state laws.
The NYDFS has also said that it is working with other state and federal regulators to monitor the situation.
Celsius is one of the largest cryptocurrency lending platforms in the world, and it has over 1.7 million customers.
The company suspended withdrawals and transfers on June 12, citing "extreme market conditions."
The suspension has caused some investors to worry that they may lose their money.
Celsius has said that it is working to resolve the issue and that it hopes to resume withdrawals and transfers soon.
These are just a few of the top New York cryptocurrency news stories from today. For more information, please visit the following websites:
- New York State Department of Financial Services: https://www.dfs.ny.gov/
- New York City Council: https://www1.nyc.gov/
- Celsius Network: https://celsius.network/
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