Licenses


State

License Number

Agency


Alabama

562

Alabama Securities Commission

401 Adams Avenue, Suite 280

Montgomery, AL 36104


Delaware

24118

Office of the State Bank Commissioner

555 E. Loockerman Street, Suite 210

Dover, DE 19901


District of Columbia

MTR1496848

Department of Insurance, Securities, and Banking

810 First Street, NE, Suite 701

Washington, District of Columbia 20002


Florida

FT230000212

Florida Office of Financial Regulation

101 E. Gaines Street

Tallahassee, FL 32399


Georgia

39829

Georgia Department of Banking and Finance

Money Services Businesses

2990 Brandywine Road, Suite 200


Massachusetts

FT1496848

Division of Banks

1000 Washington Street, 10th Floor

Boston, MA 02118-6400


Mississippi

3365

Mississippi Department of Banking and Consumer Finance

Post Office Box 12129

Jackson, MS 39236


Nebraska

1496848

Nebraska Department of Banking & Finance

1526 K Street, Suite 300

Lincoln, NE 68508-2732


New York

8

New York Department of Financial Services

One State Street

New York, NY 10004-1511


Oregon

MTX-30198

Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities

PO Box 14480, 350 Winter St., NE, Suite 410

Salem, Oregon 97309-0405


Washington

550-MT-103417

State of Washington - Department of Financial Institutions

Division of Consumer Services

150 Israel Road, S.W.


Disclosures


Florida

NOTICE: By the Florida Office of Financial Regulation

BY GRANTING BITPAY A LICENSE, THE FLORIDA OFFICE OF FINANCIAL REGULATION IS NOT ENDORSING THE USE OF DIGITAL OR VIRTUAL CURRENCIES.

* U.S. currency is legal tender backed by the U.S. government.

* Digital and virtual currencies are not issued or backed by the U.S. government, or related in any way to U.S. currency, and have fewer regulatory protections.

* The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat (government) currency.

* Holding digital and virtual currencies carries exchange rate and other types of risk.

POTENTIAL USERS OF DIGITAL OR VIRTUAL CURRENCIES, INCLUDING BUT NOT LIMITED TO BITCOIN, SHOULD BE FOREWARNED OF A POSSIBLE FINANCIAL LOSS AT THE TIME THAT SUCH CURRENCIES ARE EXCHANGED FOR FIAT CURRENCY DUE TO AN UNFAVORABLE EXCHANGE RATE. A FAVORABLE EXCHANGE RATE AT THE TIME OF EXCHANGE CAN RESULT IN A TAX LIABILITY. PLEASE CONSULT YOUR TAX ADVISOR REGARDING ANY TAX CONSEQUENCES ASSOCIATED WITH YOUR HOLDING OR USE OF DIGITAL OR VIRTUAL CURRENCIES.

If you have a question or complaint, please contact the consumer assistance division of BitPay at:

https://help.bitpay.com/requestHelp

New York

Please note the following disclosures associated with virtual currency:

  • Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
  • Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of virtual currency.
  • Transactions in virtual currency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable.
  • Some virtual currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction.
  • The value of virtual currency may be derived from the continued willingness of market participants to exchange fiat currency for virtual currency, which may result in the potential for permanent and total loss of value of a particular virtual currency should the market for that virtual currency disappear.
  • There is no assurance that a person who accepts a virtual currency as payment today will continue to do so in the future.
  • The volatility and unpredictability of the price of virtual currency relative to fiat currency may result in significant loss over a short period of time.
  • The nature of virtual currency may lead to an increased risk of fraud or cyber-attack.
  • The nature of virtual currency means that any technological difficulties experienced by BitPay may prevent the access or use of a customer’s virtual currency.
  • Any bond or trust account maintained by BitPay for the benefit of its customers may not be sufficient to cover all losses incurred by customers.