2018-6-18 12:40 |
Cryptocurrency wallet and vault Xapo is the latest recipient of New York’s ‘BitLicense’, arguably the strictest state law governing the crypto sector, from the state’s financial regulator.
Notably, this is the sixth-ever BitLicense the state has granted, with the last one being obtained by brokerage firm Genesis Global Trading in May 2018.
With the obtained license Xapo will now be authorized to offer its digital wallet and its offline vault service to users in New York.
The president of Switzerland-based Xapo, Ted Rogers commented on the successful BitLicense application, saying:
“We are very pleased with the approval of Xapo’s BitLicense application.
After the BitLicense came into effect in 2015, various businesses, including popular crypto exchange Kraken, decided to exit New York.
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