Search results for BitLicense
Crypto
Uphold nears launch of Earn on XRP yield service targeting 1.62 billion XRP
U.S. cryptocurrency exchange Uphold is nearing the launch of a yield service for XRP holders called Earn on XRP, blockchain outlet U.Today reported on Thursday. Chief Product Officer Paul Underwood said development is in its final stage and details will be released within weeks. Because the XRP Ledger does not support native staking, Uphold is considering DeFi lending protocols or partner networks. Underwood also said the company is pursuing a New York BitLicense.
Crypto
Traditional payments industry may embrace bitcoin, ETA CEO says more partnerships likely
The Electronic Transactions Association (ETA) signalled that cooperation between bitcoin companies and traditional payment firms could expand, while saying it does not advocate bitcoin as a specific technology. CEO Jason Oxman said more partnerships could emerge as members recognise bitcoin’s potential, citing BitPay’s admission as ETA’s first virtual asset member. He also pointed to the Bitcoin Foundation’s role in boosting understanding. Oxman urged caution on regulation, including New York’s BitLicense.
Crypto
Galaxy secures New York BitLicense to expand institutional crypto services
Galaxy Digital received a BitLicense and a money transmitter licence from the New York State Department of Financial Services to expand digital-asset services for institutional clients in New York. The licences were granted to its subsidiary GalaxyOne Prime NY, which provides trading and financing services to institutional investors. CEO Mike Novogratz said the approval would help broaden institutional access to digital assets. New York’s BitLicense, introduced in 2015, requires extensive compliance.
