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NYDFS Grants Virtual Currency License to NY Digital Investment Group

The New York State Department of Financial Services ("NYDFS") granted a virtual currency and money transmission license to a subsidiary of the New York Digital Investment Group ("NYDIG"). The authorization permits NYDIG to offer trade execution and related custody services in virtual currencies, including Bitcoin, Bitcoin Cash, Ether, XRP and Litecoin.

Primary Sources

  1. NY DFS Press Release: NY DFS Grants Virtual Currency and Money Transmitter License to NYDIG Execution, LLC

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Tags

Regulated Activities
Custody
Regulated Products
Digital Assets
Body of Law
Banking Law
Jurisdiction
States
Organization
States
Sub-Author
NYDFS