New York Regulator Grants BitLicense to NYDIG

The New York State Department of Financial Services (NYDFS) has granted its 14th BitLicense, approving the application of New York Digital Investment Group (NYDIG) to offer crypto-related services in the state.

In a press release on Wednesday, the state authority said that NYDIG was now allowed to provide secure custody and trade execution services, as well as to operate as a custodian for virtual currencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP, and Litecoin (LTC). Additionally, NYDIG Trust Company, a subsidiary of NYDIG, has been authorized to operate as a limited purpose trust company.

“As the financial services marketpl…

This article appeared first on Cryptovest

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