Xapo and Paxos Strike Virtual Currency Licenses from the NYDFS

[kreslik.news]

One of the pioneers in secure cryptocurrency payments, Xapo, has been granted a virtual currency license by the New York Department of Financial Services. The company which is aiming to bridge the gap between fiat and digital currencies and is advised by the former Secretary of the Treasury, Lawrence Summers, has received the green light earlier today.

The new license for Xapo comes alongside a permit for Paxos Trust Company LLC, which is also known as itBit. The firm offers exchange and custody services for Ether, Litecoin, Stellar Lumens and Bitcoin Cash. The service also aims at emerging cryptocurrencies, by using ... (read more)