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BitFlyer launches crypto service in Connecticut 11 March 2021
Source: bitFlyer BitFlyer USA has announced that its service is now available in the state of Connecticut. Based in San Francisco and a subsidiary of Japan-based bitFlyer Holdings, bitFlyer USA will provide the residents of Connecticut with a safe and convenient means of buying and selling popular digital assets such as Bitcoin and Ethereum, without having to pay exorbitant fees.
The only cryptocurrency platform in the world licensed in the US, EU, and Japan, bitFlyer provides a regulated and secure trading environment with a professional trading interface, deep liquidity, and a raft of advanced features. Citizens of Connecticut can create an account and start interacting with the cryptoconomy right away, taking advantage of a
bitFlyer Expands: Launches Cryptocurrency Service in Connecticut
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bitFlyer USA Launches Cryptocurrency Service in Connecticut
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Analysis
A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses touted to be worth $850 million by misrepresenting the degree to which its Tether (USDT) reserves were backed by fiat collateral.
According to the terms of the announced settlement, which now marks an end to the inquiry that was initiated by the NYAG back in Q1 2019, Bitfinex and Tether will pay the government body a fixed sum of $18.5 million but will not be required to admit to any wrongdoing. That being said, the settlement clearly states that henceforth, Bitfinex and Tether can no longer service customers in the state of New York.