Cash App BitLicense
Cash App’s New York BitLicense, from the NYDFS register.
- Legal name (NYDFS)
- Block, Inc., f/k/a Square, Inc.
- Approval
- BitLicense + money transmitter license
- Approved (as published)
- June 18, 2018
- Status
- Active
- Approved activities
- buy and sell bitcoin via Cash App (per company quote in NYDFS release)
Block, Inc., f/k/a Square, Inc. is licensed by the New York State Department of Financial Services (NYDFS) as a virtual currency business, approved on June 18, 2018. NYDFS also lists it as a licensed money transmitter.
What NYDFS approved. Buy and sell bitcoin via Cash App (per company quote in NYDFS release).
Questions
Does Cash App have a BitLicense?
Yes. NYDFS lists Block, Inc., f/k/a Square, Inc. as holding a virtual currency license, granted June 18, 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
- Cash App (Block)
- Approved
- NYDFS announcement
- dfs.ny.gov
- Company website
- block.xyz
- NYDFS register
- dfs.ny.gov
- Sources
Source Link NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses VC license PR dated June 18, 2018; MT license held earlier https://www.dfs.ny.gov/reports_and_publications/press_releases/pr1806181
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.