Fidelity Digital Assets Receives New York State License from the NYDFS

    Fidelity Investments' Fidelity Digital Assets is granted a charter under New York Banking Law by the NY State Department of Financial Services to participate in the growing digital asset marketplace.

    The cryptocurrency company Fidelity Digital Assets has just been granted a license by the New York financial regulator.

    The information was released by the Department of Financial Services in a press release on November 19, 2019.

    Fidelity Digital Assets Granted NY License

    Fidelity Digital Assets has been granted by the New York State Department of Financial Services (DFS) a charter under the New York Banking Law to operate as a LLC.

    New York is known to be a very difficult jurisdiction for companies to operate in and receive the so-called BitLicense, which has been granted to just a limited number of firms in the last few years.

    Superintendent Linda A. Lacewell explained the approval is proof that innovation and consumer protection can work together in the state. DFS authorized Fidelity Digital Assets to provide virtual currency custody solutions and an execution platform for institutional investors and individuals to securely store, purchase, sell and transfer Bitcoin. The company wrote on Twitter,

    Fidelity Digital Assets is a subsidiary of Fidelity Investments that aims at offering solutions to traditional and institutional investors in the cryptocurrency market.

    Michael O’Reilly, Chief Operating Officer for Fidelity Digital Assets informed that the new license received by the DFS allows them to build the trustworthiness they need among institutions and other clients.

    There are several financial companies that have started offering crypto-related solutions, services and products in New York. Some of these firms include the New York Stock Exchange, the CEM Group and the Intercontinental Exchange (ICE) that has been working on launching the physically-settled Bitcoin futures trading contracts platform called Bakkt earlier this year.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Cash is King in Coronavirus Ravaged Economy But Bitcoin is “Next in Line to the Throne”: Hedge Fund Manager

    Mark Yusko, the CEO at Morgan Creek Capital Management says coronavirus is unleashing a once in a lifetime downturn. Yusko appeared on CNBC’s “Trading Nation”...

    Bitcoin’s is Gold 2.0; Billionaire Chamath Palihapitiya Lays Out BTC’s Path Forward in Macro Backdrop

    In the latest episode of The Pomp Podcast, host Anthony "Pomp" Pompliano had Chamath Palihapitiya, the CEO of Social Capital as a guest who...

    Binance ‘Leak' Signals Possible Bitcoin Options Trading Launch On The Exchange

    The competition across cryptocurrency exchanges in the crypto derivatives markets is heating up to a boiling point as yet another big player hints at...

    BTC Isn’t a Hedge Against Stock Market’s Poor Returns or Coronavirus But US Dollar & Inflation: BitGo CEO

    In 2020, Bitcoin has been following stock markets religiously, so much so that their correlation went to a new high. But now, the flagship...

    Netflix's ‘Tiger King' Villian, Carole Baskin at The Big Cat Rescue Accepts Crypto Donations

    With the Coronavirus (COVID-19) running rampant in the United States, Americans are drooling over the hot new docuseries on Netflix; “Tiger King: Murder, Mayhem...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.