Can you trade Cryptos in New York? Because of the BitLicense, are Crypto Exchanges Legal in New York? The short answer is: yes. As long as a company holds a valid BitLicense while doing business in New York or with New Yorkers then they are perfectly within the law to provide cryptocurrency services.
Is cryptocurrency illegal in New York? Lawmakers in New York just passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it.
What crypto is allowed in NY? Bitcoin Cash (BCH) Ethereum (ETH) Gemini Dollar (GUSD) Litecoin (LTC)
Why can’t I buy crypto in NY? New Yorkers can create coins through the mining process, but they can’t trade them on an exchange because the state requires any crypto trading platform to have a BitLicense to operate there.