New York Approves Bitcoin Wallet Company Xapo’s BitLicense


The New York Department of Financial Services (DFS) has granted a BitLicense to the digital financial services company Xapo, bringing the total number of approved charters and licenses for virtual currency firms up to eight.

According to an announcement from the DFS, Xapo will be authorized to «offer a digital wallet and a vault service, which is intended as a safe and insured method to store Bitcoins.»

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