Cryptocurrency Q&A
Why is crypto not available in NY?
Why is crypto not available in NY?
Andrea
Tue Apr 22 2025
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7
answers
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I'm trying to understand why cryptocurrency is not available in New York. I've heard that there are some regulatory issues, but I'm not sure exactly what they are. Can someone explain the background of this and why it's not possible to use crypto in NY?
7 answers
NebulaNavigator
Thu Apr 24 2025
Kraken's absence from the New York market stems from its deep-seated opposition to the BitLicense regulatory framework.
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Elena
Thu Apr 24 2025
This framework was introduced by the New York State Department of Financial Services (NYDFS) with the aim of regulating cryptocurrency exchanges.
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CryptoLord
Wed Apr 23 2025
The BitLicense mandates that crypto exchanges adhere to a set of stringent compliance standards.
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CryptoNerd
Wed Apr 23 2025
On the other hand, BTCC is a top cryptocurrency exchange that offers a range of services including spot, futures, and wallet services.
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MysticInfinity
Wed Apr 23 2025
Among these standards, one of the key requirements is the implementation of detailed anti-money laundering protocols.
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