BitLicense<\/b><\/a> in 2017, requirements in the license are so strict that one has to get approval before adding another coin to their platform.<\/p>\nThe strict requirements lead to many crypto firms\/exchanges opting to stay out of New York. Due to its stringent crypto regulations, stakeholders in the crypto space have nicknamed New York as BitExodus, but now the NYDFS has a case to answer. This after Theo Chino alongside his firm Chino Ltd, filed a lawsuit against the NYDFS. Mr. Chino is after the abolishment of BitLicense.<\/p>\n
Although in its view, the NYDFS is after protecting New Yorkers; its stringent measures have forced many firms out of New York.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Crypto enthusiasts who form the Coinbase community have something to smile about after their favorite exchange just added a new coin, Stellar Lumens (XLM). Coinbase announced support for XLM via its official twitter account.<\/p>\n","protected":false},"author":4,"featured_media":17410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74,106],"tags":[4642,5001,4836,5086],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/17407"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=17407"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/17407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/17410"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=17407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=17407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=17407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}