The New York State Department of Financial Services (NYDFS) has issued another virtual currency license (BitLicense). Its owner is the oldest and largest cryptocurrency exchange in Europe Bitstamp.
Note that Bitstamp was one of the first companies to apply for BitLicense in June 2015 after the relevant legislation was created in New York.
This is already the 19th NYDFS license, which will allow Bitstamp to operate in the territory of the State of New York. The exchange will offer trading pairs with Bitcoin, Litecoin, Bitcoin Cash, Ether and XRP.
The NYDSF press release also states that the exchange received the right to transfer funds to the Ripple network and issue corresponding balances in virtual currencies and in US dollars and several other fiat currencies, including the Australian dollar, British pound, euro, Swiss franc and Japanese yen.
According to Nejc Kodric, CEO of Bitstamp, the company discussed various aspects of the trading platform with NYDFS.
Bitstamp was already represented in the US market, however, as Kodric acknowledged, until today it occupied a rather “passive” position. With the receipt of BitLicense, the exchange intends to expand its sphere of influence in this market.
The marketplace, which is owned by the company NXMH, in 2016 received a license to operate in Luxembourg and other EU countries.