Fortune: New York State received a total of 36 BitLicense applications since the program's inception
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The New York State Department of Financial Services (NYDFS), one of the most prominent financial regulators in the US, has received a total of 36 BitLicense applications since its creation in mid-2015, a Fortune report has revealed. Five of the 36 applications had been denied and, according to Fortune, 10 had been approved, as of November. In a press release, however, NYDFS stated that it had “approved fourteen charters or licenses for companies in the virtual currency marketplace.” According to these figures, NYDFS has made decisions on 15-19 of the 36 BitLicense applications it has received. (Source: Fortune)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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