BitPay BitLicense
BitPay’s New York BitLicense, from the NYDFS register.
- Legal name (NYDFS)
- Bitpay, Inc.
- Approval
- BitLicense
- Approved (as published)
- July 16, 2018
- Status
- Active
- Approved activities
- clearing and settlement services to merchants accepting or issuing payments in bitcoin
Bitpay, Inc. is licensed by the New York State Department of Financial Services (NYDFS) as a virtual currency business, approved on July 16, 2018. NYDFS approved it for clearing and settlement services to merchants accepting or issuing payments in bitcoin.
What NYDFS approved. Clearing and settlement services to merchants accepting or issuing payments in bitcoin.
Questions
Does BitPay have a BitLicense?
Yes. NYDFS lists Bitpay, Inc. as holding a virtual currency license, granted July 16, 2018.
What does a BitLicense mean for customers?
A BitLicense is New York’s license for virtual currency business activity with New York residents, such as exchange, custody or transfer services.
Browse all firms in the NYDFS BitLicense list.
- Brand
- BitPay
- Approved
- NYDFS announcement
- dfs.ny.gov
- Company website
- bitpay.com
- NYDFS register
- dfs.ny.gov
- Sources
Source Link NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses Approved activities; PR dated July 16, 2018 https://www.dfs.ny.gov/reports_and_publications/press_releases/pr1807161
Source: the NYDFS list of regulated virtual currency businesses and NYDFS announcements, linked on each record. NY Presswire is not affiliated with NYDFS; the NYDFS register is the official record.