RATE Group | Fidelity’s crypto company secures New York state license | News
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Fidelity’s crypto company secures New York state license | News

19 Nov Fidelity’s crypto company secures New York state license | News

Posted at 18:24h in Cryptocurrency News by

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By Anna Irrera

NEW YORK (Reuters) – Fidelity Digital Assets, the cryptocurrency company of Boston-based Fidelity Investments, has been granted a license by New York’s financial regulator, the company said on Tuesday.

The limited-purpose trust company charter from the New York State Department of Financial Services will allow the company to offer its cryptocurrency trading and custody services to companies based in the state, it said.

“We have experienced a high interest level from these firms and anticipate that their increased involvement in this industry would enable more activities and development across the spectrum,” the company said in a blog post.

Fidelity Digital Assets was launched in October 2018 with the aim of better serving traditional financial institutions looking to invest in cryptocurrencies such as bitcoin and ether.

The dearth of custody and other back-office services by brand-name financial…

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