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​Bakkt Obtains BitLicense From The New York Department of Financial Services

Mary Liu

Summary: The New York Department of Financial Services (NYDFS) announced on Thursday that the crypto company Bakkt has become the 29th company with a BitLicense.  The BitLicense, which was first granted to Paxos in 2015, is an authorization for cryptocurrency-related companies to legally operate in New York State.  Under the regulation of NYDFS, Bakkt now can ...

The New York Department of Financial Services (NYDFS) announced on Thursday that the crypto company Bakkt has become the 29th company with a BitLicense. 

The BitLicense, which was first granted to Paxos in 2015, is an authorization for cryptocurrency-related companies to legally operate in New York State. 

Under the regulation of NYDFS, Bakkt now can provide services for buying and selling virtual currencies for its New York customers within the license.

By Mary Liu

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Link: ​Bakkt Obtains BitLicense From The New York Department of Financial Services   [Copy]
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