Robinhood, LibertyX Receive Licenses from New York Regulators

Stock trading startup Robinhood and bitcoin ATM provider LibertyX have become the latest companies to be granted New York’s BitLicense.

The New York Department of Financial Services (NYDFS) announced Thursday that it was granting Robinhood Crypto, a subsidiary of the main firm, and Moon Inc., which does business under the LibertyX moniker, virtual currency licenses, as well as a money transmission license for Robinhood.

NYDFS superintendent Maria Vullo contended in a statement that New York has a “flourishing financial technology sector” thanks in part to its regulatory regime.

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