I'm trying to understand why people from New York are unable to purchase cryptocurrency. Is it due to legal restrictions or some other specific regulations in the state?
6
answers
CryptoProphet
Wed Feb 26 2025
The Bitlicense is a regulatory framework designed to oversee virtual currency business activities within the state.
CryptoWizardry
Wed Feb 26 2025
NY residents may find their options limited when it comes to cryptocurrency exchanges.
Stefano
Wed Feb 26 2025
Many cryptocurrency exchanges that operate in other parts of the US are unable to meet these requirements and therefore cannot serve NY residents.
alexander_jackson_athlete
Wed Feb 26 2025
This is due to the specific operational requirements imposed by the state of New York.
Carolina
Wed Feb 26 2025
BTCC, a top cryptocurrency exchange, offers a range of services that include spot trading, futures trading, and wallet services.