Binance, the world’s largest cryptocurrency exchange by trading volume, is not currently allowed to operate in New York State. The New York State Department of Financial Services (DFS) has not granted the company a BitLicense, which is required for any business providing digital currency services in the state.
The DFS has been clear in its stance on cryptocurrency exchanges. In 2015, the department released a set of guidelines for companies seeking to obtain a BitLicense, and Binance has not applied for one.
NOTE: Warning: Binance is not currently allowed to operate in New York. Trading or using Binance in New York may be considered a violation of the New York State Department of Financial Services regulations. Any person found to be in violation of these regulations may face criminal or civil penalties.
The DFS has also been proactive in shutting down exchanges that operate without a license. In January 2018, for example, the DFS shut down BTC-e, an unlicensed Bitcoin exchange that was allegedly used to launder money for Russian criminals.
Binance has been expanding rapidly into new markets lately, but it looks like New York will not be one of them anytime soon. This is unfortunate news for cryptocurrency enthusiasts in the state, but it’s important to remember that the DFS is only trying to protect consumers from potential scams and fraud.
In the end, it’s better to be safe than sorry.
9 Related Question Answers Found
Binance is a popular cryptocurrency exchange that allows users to trade a variety of digital assets. The platform is available in many countries around the world, but is Binance available in NY? The simple answer is no, Binance is not currently available in New York.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently allowed to operate in New York. The New York State Department of Financial Services (DFS) has not granted the company a BitLicense, which is required for any business that deals in cryptocurrency in the state. The DFS has been cracking down on unlicensed cryptocurrency businesses operating in the state, and Binance has been on its radar for some time.
Binance is a cryptocurrency exchange that allows for the trading of digital assets. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Binance, one of the world’s largest cryptocurrency exchanges, has been inaccessible to New Yorkers since July 14th, 2019. The reason for this is that Binance is not registered with the New York State Department of Financial Services (NYSDFS), which regulates cryptocurrency businesses in the state. This may come as a surprise to many, as Binance is available in most other US states.
Binance is a cryptocurrency exchange that allows you to trade in a variety of cryptocurrencies. You can use Binance in NY if you are a resident of New York state. If you are a New Yorker, you can use Binance to buy and sell cryptocurrencies.
Binance, the world’s largest cryptocurrency exchange by trading volume, is not currently available to users in New York. This is due to the fact that Binance is not licensed by the New York State Department of Financial Services (DFS), which regulates cryptocurrency exchanges in the state. Binance first launched in China in July 2017, but later relocated its headquarters to Japan following a crackdown on cryptocurrencies by the Chinese government.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been in operation since 2017. The company’s CEO is Changpeng Zhao, who has an extensive background in trading and technology. Binance is headquartered in Malta but also has offices in Japan, Taiwan, and Hong Kong.
Binance, the world’s largest cryptocurrency exchange by trading volume, is now allowing New Yorkers to buy and sell digital assets on its platform. The move comes after the exchange spent the past six months “working closely” with the New York State Department of Financial Services (DFS) to obtain a BitLicense. Binance.US, the American arm of Binance, first launched in September 2019 with support for only a handful of states.
Binance US, the American branch of the world’s largest cryptocurrency exchange, is not currently available to residents of New York. This is due to the state’s stringent licensing requirements for cryptocurrency exchanges. Binance US is a relatively new exchange, having only launched in September of 2019.
