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The New York Department of Financial Services (NYDFS) has authorized Gemini Trust Company LLC, the cryptocurrency exchange platform founded by the Winklevoss brothers, and Paxos Trust Company LLC, formerly itBit, to offer a price-stable cryptocurrency pegged to the US dollar. Commonly known as stablecoins, these aim to offer a liquid,...
ItBit, a crypto token trading platform, has received approval from the New York State Department of Financial Services (NYDFS) to offer trading and custody services for Ethereum (ETH), Litecoin (LTC), Stellar Lumens (XLM) and Bitcoin Cash (BCH). ItBit will start with offering custody, escrow and over-the-counter trading services for...
The Leftover Bits is the web's best source for daily bitcoin news. ItBit Gets $25M and Lawsky's Stamp of Approval ItBit has announced that it has raised USD $25 million in seed money and simultaneously received "charter" approval from the NYDFS (New York Department of Financial Services) to operate an exchange. The...
The Leftover Bits is the web's best resource for daily Bitcoin news and opinion. ItBit Applies For NYS Banking License And here I was, thinking people got into Bitcoin to get away from banks. Bitcoin exchange ItBit has applied for a New York State banking license. If successful, ItBit would become the first Bitcoin company...

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