Jack Dorsey’s Square Cash App Receives Tough BitLicense Approval

jack dorseys square cash app receives tough bitlicense approval

Square, a payment processing tech company owned by Jack Dorsey, just announced that it has obtained a New York BitLicense. Square App is just the seventh company to receive this approval from the New York State Department of Financial Services (NYDFS). 🚨 Our customers in New York state can now buy and sell Bitcoin instantly with Cash App! https://t.co/4R0n5sbNpM 🚨 pic.twitter.com/1WzjiQ751I — Cash App (@CashApp) June 18, 2018 A Twitter user replied to the post with a question about sending and receiving Bitcoin and Cash Support responded to the question by…

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Will New York Abolish BitLicense?

will new york abolish bitlicense

A bill to Abolish BitLicense in New York? “NOTWITHSTANDING ANY OTHER  LAW, RULE OR REGULATION, NO  PERSON, CORPORATION, PARTNERSHIP  OR OTHER ENTITY THAT CONDUCTS CRYPTOCURRENCY BUSINESS ACTIVITY SHALL BE REQUIRED TO PAY A LICENSING FEE IN ORDER TO CONDUCT SUCH CRYPTOCURRENCY BUSINESS ACTIVITY.” These are perhaps the most beautiful and unexpected words for any New Yorker who has ever thought of having a business related to cryptos. According to the official website of the NYS Senate, Democratic Senator Ron Kim has proposed a Bill which, should it become Law, would ……

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