New York rejects Bittrex exchange’s BitLicense application

New York rejects Bittrex exchange’s BitLicense application

The New York Department of Financial Services (NYDFS) has denied a BitLicense application from the Bittrex cryptocurrency exchange. NYDFS explained that the exchange had inadequate policies and controls regarding Anti-Money Laundering (AML), Know Your Customer (KYC) and Office of Foreign Assets Control (OFAC) standards.

Timothy
Timothy
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