The New York Department of Financial Services(NYDFS) has issued two more licenses for operating with cryptocurrencies tp Fintech-start-up Robinhood and Bitcoin-ATM operator LibertyX. At the same time, the first one also received a license for money transfers.
The license will allow the Robinhood Crypto trading platform to work with residents of New York.
As we introduce new financial products, we’re committed to partnering with regulators to ensure compliance with industry requirements. Today’s announcement is evidence of this commitment.
We’re excited to bring commission-free cryptocurrency trading to New York, and look forward to coming to more states soon.
Earlier BitLicense was received by BitPay, Square, Genesis Global Trading, Coinbase and others.