RATE Group | Fidelity Bags Key License as Bitcoin Price Flails at $8,000
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Fidelity Bags Key License as Bitcoin Price Flails at $8,000

20 Nov Fidelity Bags Key License as Bitcoin Price Flails at $8,000

Posted at 01:28h in Bitcoin News by

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Fidelity Investments’ crypto-asset division, focused primarily on the market leader Bitcoin, has just been granted a key license by the New York State Department of Financial Services, allowing them to further expand their foray into cryptocurrency and blockchain.

According to a blog update from Fidelity Digital Assets (FDAS), the NYDFS has just given it a ” limited purpose trust company charter.” This will allow it to launch a platform for cryptocurrency custody and execution “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to residents of New York, said the financial regulator.

This news comes shortly after the chief executive of the financial services giant,…

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