NYS Releases Final Version of BitLicense Regulation
(1) receiving virtual currency for transmission or transmitting virtual currency, except where the transaction is undertaken for non-financial purposes and does not involve the transfer of more than a nominal amount of virtual currency;
(2) storing, holding, or maintaining custody or control of virtual currency on behalf of others;
(3) buying and selling virtual currency as a customer business;
(4) performing Exchange Services as a customer business; or
(5) controlling, administering, or issuing a virtual currency.
(2) storing, holding, or maintaining custody or control of virtual currency on behalf of others;
(3) buying and selling virtual currency as a customer business;
(4) performing Exchange Services as a customer business; or
(5) controlling, administering, or issuing a virtual currency.
(1) Persons that are chartered under the New York Banking Law and are approved
by the superintendent to engage in virtual currency business activity; and
(2) merchants and consumers that utilize virtual currency solely for the purchase or sale of goods or services or for investment purposes.