The operator cryptocurrency wallet Xapo became the sixth holder of the license Regulations of the state of new York. A set of rules control region is considered one of the strictest in the cryptocurrency industry.
As stated by the head of the Department of financial services of the state of new York (NYDFS) Vullo Maria (Maria T. Vullo), the authorities “reaffirmed their commitment to create a thriving FINTECH market”, providing Regulations for Xapo.
The company, based in San Francisco, last year moved the headquarters in the Swiss Zug — region, called “triptocaine” because of the favorable terms of the regulation of the industry. Xapo provides crypto and “cold storage” scriptaction, being the largest repository of bitcoins in the world.
“We are very pleased with the approval of an application for Regulations. This is the final result of huge hard work not only of a Great team, but throughout NYDFS and its staff”, — said the President Xapo Ted Rogers (Ted Rogers).
The first approval of the regulator according to the rules of Regulations was received by the startup Circle in September 2015.
We will remind that earlier Xapo has expanded its activities in Gibraltar, having received a license to provide financial services in the British overseas territory.