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ARTICLE · 07 FEBRUARY 2019

DFS Issues New BitLicenses, Corda Gains Integration Partners, New Stablecoin Launched

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According to Bloomberg, a major U.S. financial services firm is planning to launch an institutional bitcoin custody service as early as March 2019.

United StatesTechnology
Robert A. Musiala Jr.
Robert A. Musiala Jr.
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Late last week, the New York State Department of Financial Services (DFS) granted the DFS BitLicense to Robinhood Crypto LLC and Moon Inc., dba LibertyX. DFS authorized Robinhood Crypto LLC to buy, sell and store seven different virtual currencies, while LibertyX will be the first DFS licensee to allow customers to use debit cards to purchase bitcoins from traditional ATMs. DFS also recently granted a BitLicense to Bitcoin ATM operator Cottonwood Vending LLC. This week also brought two significant announcements from the R3 consortium, with the global payments network SWIFT and a major Japanese financial services firm both announcing plans to integrate with R3's Corda blockchain payments platform.

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