Exchange Licensing
BitLicense (New York)
The world's first crypto exchange licence, issued by the New York Department of Financial Services from 2015, establishing requirements for virtual currency businesses operating in New York and influencing exchange licensing globally.
DABA (Digital Asset Business Act — Bermuda)
Bermuda's 2018 pioneer legislation establishing a comprehensive licensing framework for digital asset businesses, administered by the Bermuda Monetary Authority, with eight licence categories and sandbox provisions.