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TheBlock 2019-12-05 10:33:22

NYDFS is granting more BitLicenses than ever before, 8 already this year

Quick TakeBitLicense went into effect on June 2015 and immediately generated criticism for being too invasive, cumbersome, and expensive to obtain; especially for smaller companiesOn top of the $5,000 non-refundable application fee, the whole process costs companies up to $100,000In 2018, NYDFS granted six BitLicenses; more than the sum of the previous three years and in 2019, it already granted eight

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