The U.S. subsidiary of Bitstamp, one of Europe's largest cryptocurrency exchanges, has just been granted the BitLicense to operate in the state of New York, the New York Department of Financial Services announced yesterday in a press release.
This BitLicense, which was first requested by the crypto exchange in June 2015, is the 19th license granted by the regulator. Now the platform is allowed to offer trading pairs with Bitcoin, Litecoin, Bitcoin Cash, Ethereum and XRP to the residents of the state.
Bitstamp Europe SA was granted a payment institution license in 2016 that allows it to carry out its operations within the European Union.
Bitstamp has just joined other important companies that already have the regulator's license, such as Square, BitPay, Genesis Global Trading, bitFlyer USA, Coinbase, XRP II and Circle Internet Financial.
All companies licensed by the New York regulator must pass a strict process that checks customer verification systems, anti-money laundering systems as well as their anti-fraud, capitalization and cybersecurity policies.
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