Cryptocurrency Q&A
Why can't I buy crypto in New York?
Why can't I buy crypto in New York?
KatanaGlory
Tue Feb 18 2025
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6
answers
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I'm trying to purchase cryptocurrency, but I'm located in New York and am finding it difficult to do so. Is there a reason why buying crypto is challenging in New York specifically?
6 answers
Martino
Thu Feb 20 2025
New York implements stringent operational guidelines for businesses within its jurisdiction.
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TaekwondoMasterStrengthHonorGlory
Thu Feb 20 2025
One of these requirements is the mandatory acquisition of a Bitlicense.
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MysticStar
Wed Feb 19 2025
The Bitlicense serves as a regulatory framework to oversee digital currency operations.
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PulseEclipse
Wed Feb 19 2025
Due to these rigorous standards, many cryptocurrency exchanges face challenges in operating in New York.
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Ilaria
Wed Feb 19 2025
Even exchanges that are active in other parts of the US often find it difficult to comply with New York's Bitlicense requirements.
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