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New York regulators ordered a Seattle-based cryptocurrency firm to cease local operations by Thursday after rejecting the firm's applications for operating licenses and publicly accusing it of handling transactions tied to Iran and North Korea. In a 5-page letter Wednesday, the state's Department of Financial Services, or DFS, also claimed that Bittrex, which serves nearly 1.7 million customers worldwide, has failed to identify the beneficial owners of more than half of its legal-entity clients, adequately gauge its exposure to risk and sufficiently train its staff on compliance with anti-money laundering rules. Bittrex applied for a "virtual currency" license in New...