Tuesday March 02, 2021
Bitcoin (BTC) $48,765.00   Ether (ETH) $1,551.91
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Regulation

New York DFS grants BitLicense to Seed CX to provide service to institutions

Published by CryptoNinjas.net
07/15/2019
Eed Cx Bitlicense

Financial Services Superintendent Linda A. Lacewell announced today that the New York State Department of Financial Services (DFS) has approved the applications of Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC for virtual currency licenses, and has approved Zero Hash for a money transmitter license.

SCXM and Zero Hash are both subsidiaries of Seed CX Ltd. Since her nomination to lead DFS in February, Superintendent Lacewell has now approved four virtual currency licenses.

“We are pleased to have approved over 20 virtual currency businesses, and welcome Seed Digital Commodities Market and Zero Hash to New York’s growing virtual currency marketplace,” said Superintendent Lacewell. “The Department’s approval of these new licenses will provide institutional customers with more choice while also protecting consumers and the public through strong anti-money laundering, cybersecurity and other compliance standards in a continuously evolving global financial services marketplace.”

DFS has authorized SCXM to serve as a matching engine for buyers and sellers of cryptocurrencies (such as Bitcoin) and as a platform for cryptocurrency block trades, for large financial institutions and trading firms. Zero Hash will function as the money transmitter for the trading activity resulting from its affiliated exchange, SCXM.

“Being granted two virtual currency licenses by the New York Department of Financial Services marks the next step in our growth to becoming the leader in institutional trading of digital assets,” said Edward Woodford, co-founder, and CEO of Seed CX. “As virtual currency license holders, we will be able to expand trading and settlement services to New York firms through our institutional platform that offers the strong institutional technology, the operational support, and the regulatory compliance that institutions demand.”

DFS became the first state or federal agency in the United States to supervise virtual currency with the promulgation of its landmark regulation in 2015. DFS, which remains committed to supervising and promoting financial services market innovations, licenses virtual currency exchanges, technology-based money transmitters, and online lenders operating in New York.

FacebookTwitterLinkedinRedditE-MailTelegram
Source: Seed CX

Related News

Crypto liquidity service provider Zero Hash closes Series C funding round
Capital Raising

Crypto liquidity service provider Zero Hash closes Series C funding round

09/02/2020
DACX launches institutional OTC desk for bitcoin (BTC) and ether (ETH)
Crypto Exchanges

DACX launches institutional OTC desk for bitcoin (BTC) and ether (ETH)

03/10/2020
1Konto integrates bitcoin exchange Seed CX into API order routing service
Vendor Technology

1Konto integrates bitcoin exchange Seed CX into API order routing service

11/26/2019
Fidelity Digital Asset Services receives BitLicense
Regulation

Fidelity Digital Assets granted NYDFS charter for bitcoin custody and exchange

11/19/2019
Crypto services firm Zero Hash connects to Silvergate Exchange Network
Vendor Technology

Crypto services firm Zero Hash connects to Silvergate Exchange Network

10/17/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Komodo's AtomicDEX stress test proves success as a scalability solution

Komodo’s AtomicDEX proves success as a scalability solution with stress test complete

02/26/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Simplex's crypto on-ramp integrated into Opera web browser

Simplex’s crypto on-ramp integrated into Opera web browser

03/01/2021
Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo

Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo

03/01/2021
Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

03/01/2021
Oracle solution Umbrella Network launches successful IDO on Polkastarter

Oracle solution Umbrella Network launches successful IDO on Polkastarter

03/01/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version