The New York State Financial Services Authority (NYDFS) has issued another virtual currency license (BitLicense). Its owner was 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 passed in New York.
LICENSED: Excited to announce that we've got a BitLicense! Paving the way to continue ramping up our presence in the States. Read more: https://t.co/O4OTTifl5X pic.twitter.com/HWos4KqCs1
– Bitstamp (@Bitstamp) April 9, 2019
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 as well as in US dollars and several other fiat currencies, including the Australian dollar, British pound, euro, Swiss franc and Japanese yen.
According to Neits Kodrich, CEO of Bitstamp, the company discussed various aspects of the trading platform with NYDFS.
“There were questions concerning the matching mechanism, cryptocurrency storage, auditing. A license is a set of rules and procedures that must be followed on a daily basis, ”he said.
Bitstamp was already present in the US market, however, as Kodrich 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.
Earlier, BitLicense was issued to Tagomi , a cryptocurrency broker.
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