One more company awarded with crypto license in New York

Posted 15 November, 2018

On November 14, the New York State Department of Financial Services (DFS) granted one more cryptocurrency license. This time the authority approved an application filed by New York Digital Investment Group (NYDIG).

As DFS stated in the press release, the crypto license (known as BitLicense) was given to  NYDIG Execution LLC, a subsidiary of NYDIG LLC, allowing it to offer liquidity and asset management to the clients from New York.

Moreover, the authority has also authorised the company to operate as a "limited purpose trust company". With the license, NYDIG became able to provide custody and trading services. The company will deal with Bitcoin, Bitcoin Cash, Ethereum, XRP and Litecoin.

Although the leading market players criticise this measures, BitLicense is still the required procedure for the companies that want to do crypto business in this state.

“Today’s approval further demonstrates that operating within New York’s robust state regulatory system leads to a stronger fintech marketplace and promotes innovation and necessary compliance with effective risk-based controls,” noted in the press release Financial Services Superintendent Maria Vullo.

It was reported earlier that such crypto license was issued to Coinsource, a bitcoin-terminal operator in early November. By now, DFS has granted 14 licenses to the different companies that strived to run business in the crypto sector.

Previous story

15 November, 2018 16:35

← Canaan Creative IPO application no longer active

Hong Kong Stock Exchange has taken off the table IPO application filed by Canaan Creative, crypto mining company. The company's IPO is up in the air, as the HKEX has assigned a status of "outdated". Specifically, any application receives such status after more than 6-month period from the submission. The company targets $1 billion from the ICO. However, later the sum was downgraded to $400 million. HKEX and the local regulator have come up with the business model of the company given the observed maker instability. This means that IPO can fail to be held this year. The IPO application was filed in May 2018.

Canaan Creative IPO application no longer active

Next story

15 November, 2018 11:29

US dollar trims gains vs majors →

The US dollar has lost grounds vs the majors at the Asian trading on Thursday. For now, the players are studying the message of Jerome Powell as well as Brexit issue. The euro is stronger vs the greenback today, with the rate staying at some $1.1320 for now. At the same time, yesterday's session was closed at $1.1310. Weaker dollar positions were recorded in the pair with the Japanese yen. The US dollar-to-yen exchange rate was at 113.53 (113.63 a day before). For reference, the euro changed hands vs the yen at 128.74 (128.51). 

US dollar trims gains vs majors
Write a comment
Prove you’re not a bot + 10 = 27