New York Department of Financial Services (DFS) Issues 14th BitLicense to NYDIG Execution LLC

The New York Department of Financial Services (DFS) announced on Wednesday that it has ratified NYDIG Execution LLC’s cryptocurrency license application. Such licenses have been coined “BitLicenses” and this is a landmark moment for NYDIG Execution because it has secured the 14th BitLicense issued by the New York Department of Financial Services. New York state law requires companies or businesses to have a BitLicense if they wish to operate any cryptocurrency-related business. NYDIG Execution LLC has the right to offer virtual currency trade execution services as well as secure custody.…