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ARTICLE · 30 JANUARY 2019

NYDFS Authorizes Virtual Currency Firms

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The New York State Department of Financial Services ("NYDFS") granted virtual currency licenses to Robinhood Crypto LLC ("Robinhood Crypto") ...

United StatesTechnology
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The New York State Department of Financial Services ("NYDFS") granted virtual currency licenses to Robinhood Crypto LLC ("Robinhood Crypto"), a subsidiary of Robinhood Markets Inc., and Moon Inc., d/b/a LibertyX ("LibertyX").

NYDFS authorized Robinhood Crypto to buy, sell and store seven virtual currencies, including Bitcoin, Ether, Bitcoin Cash and Litecoin. LibertyX is the first firm authorized by the NYDFS to allow customers to use debit cards to purchase Bitcoin from ATM machines.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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