NYDFS approves BitLicense for Anchorage Digital subsidiary
With the addition of Anchorage’s New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015.
Cryptocurrency-friendly bank Anchorage Digital announced that its subsidiary had been granted a BitLicense by New York’s Department of Financial Services (NYDFS).
In a Dec. 16 notice, Anchorage Digital said its New York arm had received a BitLicense, allowing the firm to offer services starting in 2025. According to Anchorage’s CEO Nathan McCauley, the license would allow the company to launch “regulated and efficient crypto trading to clients based in New York.”
At the time of publication, the NYDFS website did not include Anchorage in its list of regulated entities in the US state. Since the BitLicense scheme was first implemented in New York in 2015, the financial regulator has approved 33 companies for offering crypto services — not including Anchorage.
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Author: Turner Wright
