As a seasoned crypto investor with a keen eye for regulatory developments, this news about Anchorage Digital securing a BitLicense from NYDFS is music to my ears. After years of navigating the often murky waters of digital assets without clear-cut regulations, it’s heartening to see progress towards mainstream adoption.
In simpler terms, the digital bank, Anchorage, which supports cryptocurrencies, has received approval for its subsidiary from the New York State Department of Financial Services, known as the NYDFS, to operate with a BitLicense.
In a statement dated December 16th, Anchorage Digital announced that their New York branch had been granted a BitLicense. This authorization will enable the company to commence operations in 2025, offering regulated and streamlined cryptocurrency trading services for clients residing in New York, as explained by CEO Nathan McCauley.
As of when the information was released, the NYDFS (New York Department of Financial Services) website did not feature Anchorage among the U.S. state entities it regulates. Since the BitLicense program began in New York back in 2015, a total of 33 companies have been granted permission to offer cryptocurrency services; however, Anchorage is not one of them.
This is a developing story, and further information will be added as it becomes available.
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2024-12-16 19:10