BitPay has announced that it received a BitLicense from New York Department of Financial Services. Let us remind, that BitPay is a globally operating cryptocurrency payments processor.
The newly received license will give the provider an opportunity to work with the customers from the state. Now, New York based businesses will be able to send and receive bitcoins and bitcash, to perform purchases worldwide.
NYDFS, that is responsible for the regulating and handling or all business activities connected with cryptocurrencies, revised the compliance requirements to BitPay and accepted, that the provider complies with all requirements to serve the businesses and the individual users.
BitPay is the eight company that received the NYDFS license for the performing of operations with cryptocurrency, along with such financial giants like Square, Genesis Global Trading, bitFlyer USA, Coinbase, XRP II and Circle Internet Financial.