CoinDesk
Mike Novogratz's Galaxy Digital has been awarded a New York BitLicense, one of the most demanding regulatory approvals in the US crypto landscape. The license positions Galaxy to expand its institutional-grade crypto services directly within New York's financial ecosystem — a market that has historically been difficult to access for crypto firms due to the state's stringent licensing requirements.
The BitLicense, administered by the New York Department of Financial Services, is widely regarded as a benchmark for regulatory credibility in the US. Securing it signals that Galaxy has met the NYDFS's demanding standards around capital adequacy, cybersecurity, AML controls, and consumer protection.
For institutional clients — asset managers, family offices, and corporate treasuries — a BitLicense-holding counterparty carries a level of regulatory assurance that unlicensed venues cannot…
WatcherGuru
Lookonchain
TheBlock
WuBlockchain