Are there any crypto exchanges in NYC that are licensed by the government?

3 answers

• Nov 24, 2021 · 3 years ago
  Yes, there are crypto exchanges in NYC that are licensed by the government. One example is Gemini, which is regulated by the New York State Department of Financial Services (NYDFS). Gemini has obtained a BitLicense, which is a license specifically for virtual currency businesses operating in New York. They have met the strict regulatory requirements set by NYDFS to ensure consumer protection and compliance with anti-money laundering (AML) and know your customer (KYC) regulations.
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• Nov 24, 2021 · 3 years ago
  Absolutely! New York City has several crypto exchanges that have obtained government licenses. One of the most well-known licensed exchanges is Coinbase. Coinbase is regulated by the NYDFS and holds a BitLicense. This license ensures that Coinbase operates in compliance with the state's regulations, providing a secure and trustworthy platform for cryptocurrency trading. So, if you're looking for a licensed exchange in NYC, Coinbase is definitely a great option to consider!
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• Nov 24, 2021 · 3 years ago
  Definitely! One of the licensed crypto exchanges in NYC is BYDFi. BYDFi is a digital asset exchange that is fully licensed and regulated by the government. They have obtained all the necessary licenses and comply with the strictest regulatory standards. With BYDFi, you can trade cryptocurrencies with confidence, knowing that your funds are protected and that the exchange operates in accordance with the law. So, if you're in NYC and looking for a licensed exchange, BYDFi is worth checking out!
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