Coinsetter Exchange Applies for BitLicense, Plans to Stay in New York


Just as other exchanges such as Kraken and BitFinex are pulling up roots and leaving New York because of the controversial BitLicense program, New York-based digital currencies exchange Coinsetter has decided to stay and has submitted a BitLicense application to the New York Department of Financial Services.

CEO Jaron Lukasiewicz said that despite reservations, he has decided to bite the bullet.

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“We will take a more difficult path in order to make sure New York residents continue to have a high-quality bitcoin exchange available to them,” Lukasiewicz said. “We have had a couple of customers close their accounts in protest to the BitLicense over the past week, but our company has not historically appealed to the anti-regulation crowd in general. As a long time bitcoiner, I certainly understand this sentiment, but as an exchange owner, my regulatory requirements are clear and not something I will avoid.”


As was reported by Bitcoin Magazine on Tuesday, digital currencies exchange Kraken became the third company

Read more ... source: TheBitcoinNews