Search results for 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.
Crypto
eToro launches crypto services in New York three years after securing BitLicense
Trading platform eToro has launched cryptocurrency services for customers in New York about three years after obtaining the state’s BitLicense. The head of eToro’s U.S. unit, Andrew McCormick (앤드류 맥코믹), said the company will initially offer about 20 tokens within New York’s regulatory framework and expand gradually. eToro said it offers about 115 cryptocurrencies globally and plans to add staking in New York.
