Singapore Grants RMO License for CapBridge to Operate New Security Exchange

Global private capital platform CapBridge Pte. Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018. The exchange is designed to organize liquidity for private companies prior to exit events like an M&A (merger and acquisition) or an IPO (initial public offering). In an interview with Bitcoin Magazine, CEO and founder of CapBridge Johnson Chen said that the process of obtaining the license took nearly two years. Steps included identifying…

Coinsource Gets License to Operate Bitcoin ATMs in New York

Bitcoin (BTC-USD) ATM operator Coinsource has received approval to install and operate bitcoin machines in New York. The company has been granted a virtual currency license by the New York Department of Financial Services (DFS) to operate bitcoin teller machines (BTM) in the state. First Company To Operate BTMs In New York With this approval, Coinsource becomes the first and only company to operate bitcoin machines in New York. BTMs are touchscreen kiosks which allow customers to buy bitcoin with, or sell bitcoin for, fiat currency in the form of…

Coinsource Receives BitLicense to Operate Bitcoin ATMs in New York

Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS). Based in Texas, Coinsource deploys Bitcoin ATMs to key population centers across the world with over 200 machines installed in the U.S. alone. CEO of Coinsource Sheffield Clark called the announcement a “landmark day for Coinsource” and an “important win for New Yorkers” in a statement. In an interview with Bitcoin Magazine, Clark noted that he sees the “license as validation of not only our tireless efforts to offer Americans easy, convenient…

Blockchain Firm SETL Wins License to Operate Central Securities Depository

U.K.-based settlement infrastructure provider Setl has been granted a license from France’s securities regulator to operate a central securities depository system using blockchain tech. With the license from the Autorité des Marchés Financiers now in place, according to a report from the FT on Tuesday, the company will be able to plug into TARGET2-Securities (T2S) – a pan-European system recently set up to unite the previously fragmented European securities settlement infrastructure. Approval to join T2S is expected to be issued in the next few weeks, the FT says, with Setl’s…

How On-Chain Voting Protocols Operate and Vary

Since Bitcoin’s introduction in 2009, there have been several attempts to include a decision-making process as part of the rules of a blockchain. This is called on-chain governance, a formalized way in which a group of people can make changes by voting through the protocol. The purpose behind it is to provide a clear-cut path to consensus. What are some examples of people using on-chain governance? It can include — but is not limited to — the following three topics: Changes in the existing protocol and parameters of a blockchain.…

Japanese Exchange bitFlyer Approved to Operate in Illinois

Japan’s largest Bitcoin and blockchain company, bitFlyer, has now received an official license to operate in the state of Illinois. After receiving a “BitLicense” to operate as a virtual currency exchange in New York in November 2017, the Tokyo-based company has now received approval to operate in 44 states and territories. On January 22, 2018, bitFlyer announced its expansion into Europe, after being  granted a Payment Institution (PI) license to operate in the European Union. This announcement made bitFlyer the first cryptocurrency exchange to be regulated in Japan, the U.S.…