Crypto exchange operator ErisX receives the first BitLicense of the year from New York regulator
|- The New York State Department of Financial Services granted its first BitLicense of the year to ErisX.
- The license allows Eris Clearing, the clearing and settlement arm of ErisX, to operate in New York legally.
- ErisX has also been approved for a money transmitter license.
The New York State Department of Financial Services (NYDFS) has granted its first BitLicense of the year to Eris Clearing, the clearing and settlement arm of ErisX. The virtual currency license permits the crypto exchange to operate in New York legally. ErisX has also been approved for a money transmitter license by the department.
Thomas Chippas, CEO of ErisX, said:
We are pleased that the New York Department of Financial Services recognized our commitment to the high standards we borrowed from existing capital markets structures and applied them to the cryptocurrency space.
NYDFS Superintendent Linda Lacewell said that the Department of Financial Services encourages technologically advanced platforms that can help the economy recover from adverse effects of the global pandemic.
Today’s approval is another step in expanding virtual currency activities in the State and promoting New York’s support for financial innovation, which will be especially important as we work to reopen the economy of the world’s financial capital.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.