Blockchain.com gets license in Florida and starts hiring

Blockchain.com, a cryptocurrency trading site, can now be legally used by residents of Florida.

Blockchain.com, a cryptocurrency trading site, can now be legally used by residents of Florida.

Blockchain.com

At least three cryptocurrency exchanges are now available to residents of Florida – the latest is a London-based $ 5 billion exchange that is currently recruiting for dozens of jobs in Miami.

Blockchain.com announced on Tuesday that it has received approval for a state money transfer license, which means users in Florida can now legally buy and sell Bitcoin and other cryptocurrencies on its platform.

“Blockchain.com has been [in cryptocurrency] from the start, and the reason is that customers trust us to be a reliable, safe and secure infrastructure provider for institutions around the world, ”Blockchain CEO and Co-Founder Peter Smith said in an interview .

Blockchain.com raised $ 300 million from investors in March. He is now hiring for dozens of Miami-based positions.

“As the Miami movement aims to build a city that lasts forever and works for everyone, it has spread far beyond Miami,” Miami Mayor Francis Suarez said in a statement. “I am delighted that our movement has spurred tremendous innovation and investment across the state. I applaud Blockchain.com for its continued efforts to recruit and open up its products so that Florida’s 22 million residents can now trade crypto, putting financial independence at their fingertips.

According to CoinMarketCap.com, which tracks cryptocurrency data, Blockchain.com has over one million visitors per week, making it the 16th most trafficked exchange in the world.

“As a hub of innovation, cybersecurity and fintech, Miami-Dade is a perfect fit for Blockchain.com,” said Michael A. Finney, president and CEO of the Miami-Dade Beacon Council, in a press release. “Our global business community offers the talent, partners and global connectivity that businesses depend on for continued growth. We support Blockchain.com’s efforts to provide greater availability of crypto trading to residents of Florida, and rely on the high value, high growth jobs they bring to our community.

Even as some Florida lawmakers strive to position the state as more cryptocurrency-friendly, its Office of Financial Regulation last week released a ruling reaffirming that any entity buying and selling cryptocurrency must apply for a license. money transfer.

“The OFR decision resolves a conflict that had developed … over whether crypto sellers in Florida needed a license to sell their own crypto offering,” said Justin Wales, Associate lawyer at K&L Gates law firm and expert in cryptocurrency law. . “Now it’s clear they are doing it. This does not impact crypto users or traders accepting cryptocurrencies for goods or services, but represents an additional regulatory burden for some businesses in the crypto space.

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Rob Wile covers South Florida business, technology and economics. He is a graduate of the Medill School of Journalism at Northwestern and Columbia University. He grew up in Chicago.

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