Bitcoin Center NYC

The Bitcoin Center is based in the financial district of New York City, next to the NYSE.[1][2][3] It was founded in 2013, by Nick Spanos and Andrew Martin with the purpose of educating people about bitcoin, blockchain and encouraging the trade of cryptocurrency. It has goals to become the first regulated exchange in the world.[4] The center currently promotes bitcoin through a host of events, such as Satoshi Square, music festivals, lectures, and movies.

U.S. Department of Treasury ruling on live trading

With the introduction of a live trading exchange, there was debate about the legality of the trading floor at the center. Based on a U.S. Treasury Department ruling[5] on January 30, 2014, the center does not fall under their statutes because of the fact that the trading is proprietary and no commissions are taken. [6]

First U.S. Senate candidate to officially support cryptocurrency

During the center's launch party Keynote speaker Congressman Steve Stockman (R-TX) announced his acceptance of bitcoin donations for his 2014 Senate campaign, making him the first U.S. Senate candidate to officially support bitcoin. [7]

Bitcoin Center NYC Moves

Bitcoin Center NYC opened at its new location on 157 Prince street[8] There is currently a DAVE Bitcoin ATM located at the premises within the location.

References

  1. ↑ Ariel Deschapell (March 22, 2014). "Inside New York's Bitcoin Centre". Coindesk.com. Retrieved June 19, 2014.
  2. ↑ Azeem Khan (January 7, 2014). "Why the NYC Bitcoin Center Matters". Huffington Post. Retrieved June 19, 2014.
  3. ↑ "New York's Bitcoin Center: Where The Cryptocurrency Elite And Newbies Gather". Ibtimes.com. January 24, 2014. Retrieved June 19, 2014.
  4. ↑ "Bitcoin Comes to Wall Street: The Freeman: Foundation for Economic Education". Fee.org. February 25, 2014. Retrieved June 19, 2014.
  5. ↑ "FinCEN Publishes Two Rulings on Virtual Currency Miners and Investors". Fincen.gov. March 18, 2013. Retrieved June 19, 2014.
  6. ↑ Rob Wile and Joe Weisenthal (February 4, 2014). "Live Bitcoin Trading". Business Insider. Retrieved June 19, 2014.
  7. ↑ Azeem Khan (January 7, 2014). "Why the NYC Bitcoin Center Matters". Huffington Post. Retrieved June 19, 2014.
  8. ↑ Hickey, Matthew (March 29, 2016). "Bitcoin Center NYC Moves Location". cryptocrooks.com. Retrieved March 29, 2016.
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