can’t buy crypto in new york

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In the United States, there’s a lot of regulatory uncertainty around cryptocurrency, and some states have instituted their own regulations. For example, New York requires exchanges to obtain a BitLicense before they can operate within the state and only allows licensed companies to offer certain approved coins.

 

Is cryptocurrency banned in New York?

It’s not even a ban on crypto-mining. It would not restrict the ability to buy, sell, invest, or use crypto in [New York state].Private-equity firm Atlas Holdings purchased Greenidge Generation in 2014 and converted the coal-fired power plant to natural gas.

 

Can you buy crypto If you live in New York?

Can I buy Bitcoin and Ethereum in New York? Yes, nearly all crypto exchanges with a BitLicense in New York allow you to buy Bitcoin and Ethereum.

 

Why is New York so hard on cryptocurrency?

High taxes and a high cost of living put off companies that could theoretically work from anywhere. And, most significantly, a crushing and opaque regulatory regime crowned by the notoriously difficult-to-obtain BitLicense, a special license required to do business as a crypto company in New York.

 

Is Coinbase legal in New York?

Coinbase. Coinbase is a trusted Bitcoin exchange located in the US. It also has a Bitlicense, meaning it can operate in New York. New York residents can buy bitcoin fast on Coinbase using bank account, wire transfer, ACH or debit card.

 

Is Binance legal in New York?

Binance.US is not available in Hawaii, Idaho, Louisiana, New York, Texas, or Vermont. For people outside of those states looking to invest in crypto, Binance.US offers both an easy buy/sell interface and more advanced trading views.

 

 

 

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