One Approval, One Rejection
The New York State Department of Financial Services (NYDFS) approved one crypto exchange for a Bitlicense and then rejected another the following day. The regulator announced Wednesday that it has denied “the applications of Bittrex Inc. to engage in virtual currency business and money transmission activity in New York.”
What are your thoughts on the above? Do you think the New York State’s financial regulator is fair on their decision or they just favoring one over the other? You can read the full news article here (https://news.bitcoin.com/new-york-orders-bittrex-cease-operations-approves-bitstamp/).