Galaxy Wins New York BitLicense for Institutional Crypto Services

Cointelegraph Staff

(10:20 PM UTC)

1 min read

Galaxy Digital, a crypto-focused financial services company led by Mike Novogratz, has received a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS), allowing it to expand regulated digital asset services to institutional clients in the state.

The company said Monday that the approvals were granted to its subsidiary, GalaxyOne Prime NY, which…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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