New York grants Bakkt coveted BitLicense – EzAnime.net

Bakkt has become the latest crypto company to get a BitLicense.

This morning, the New York Department of Financial Services announced that Bakkt had become the 29th BitLicensee.

First granted to Paxos in 2015, BitLicense is New York’s program for regulating virtual currency businesses. With it, Bakkt will have new access to offer crypto trading in the US financial center.

The NYDFS also took the opportunity to connect its other crypto initiatives, including a technology footprint that aims to find new ways to get data from companies to regulators in real time.

While New York regulation has a reputation for aggressiveness, Manhattan’s status as a financial center continues to make access to the jurisdiction extremely attractive to businesses looking to engage in all manner of business activities. When PayPal was looking to get into cryptocurrencies, the company waited for New York’s first conditional BitLicense before making its plans public.

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