Coinsetter stays in New York, applies for BitLicense

Regulation | August 20, 2015 By:

Coinsetter has submitted a BitLicense application to the New York Department of Financial Services.

Jaron Lukasiewicz, CEO of Coinsetter said, “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 added that despite reservations, he has decided to bite the bullet. “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.”

Coinsetter is a Wall Street built bitcoin exchange for firms and individuals.