The stories covered in today’s edition of Bitcoin in Brief hail from all across the globe. In New York a major cold storage company has received a Bitlicense, in China there are new signs of crypto mania, and in Turkey bitcoin has made an appearance at a historic Istanbul market.
Also Read: Etoro Is Launching an OTC Crypto Trading Desk for Institutions
Xapo Receives Bitlicense
The New York Department of Financial Services (DFS) has announced it granted a virtual currency license to Xapo, the company providing wallet, cold storage, and bitcoin-based debit card services estimated to hold around $10 billion worth of BTC. With the Xapo approval, DFS has in total approved eight firms for virtual currency charters or licenses.
The regulator says it has conducted a comprehensive review of Xapo’s application, including the company’s anti-money laundering, anti-fraud, capitalization, consumer protection, and cybersecurity policies. According to the license, Xapo will be authorized to offer a digital wallet and a vault service, and be subject to ongoing supervision by DFS. Xapo President Ted Rogers said: “We are very pleased with the approval of Xapo’s BitLicense application. It is the end result of much hard work, not just by Xapo personnel but by the DFS and its staff.”
2000 New Chinese Crypto Foundations?
If anyone really expected that the Chinese government could keep its hordes of cryptomaniac citizens out of the market, they’re due for a rude awakening. According to reports from the giant Asian economy, at least 2,000 new crypto foundations have been set up by Chinese people in offshore jurisdictions, most of these to facilitate the trade of new ICO tokens. The main hubs for this activity are said to be in places offering quick and easy registrations
