The New York Department of Financial Services (DFS) said on Tuesday it has granted a license to Tokyo-based bitFlyer, allowing the virtual currency exchange operator to launch in the United States. The license authorizes bitFlyer to operate an exchange, as well as provide 'custodial wallet' services for bitcoin, or a secure online address to hold the digital currency. It has approval to operate the exchange in 41 states.
The value of cryptocurrency bitcoin is hovering around the historic $10,000 level after surging more than 900 percent since the start of the year. "As New York's financial services regulator, DFS's mission is to encourage innovation while protecting markets and consumers," said DFS Superintendent Maria T. Vullo in a statement.
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