New York State Department of Financial Services Grants BitLicense to Bakkt
New York Financial Services Superintendent Linda A. Lacewell announced on Thursday the New York State Department of Financial Services (DFS) has approved the application of Bakkt Marketplace, LLC, a wholly-owned subsidiary of Bakkt Holdings, LLC, for virtual currency and money transmitter licenses. According to the DFS, the license will allow Bakkt Marketplace to offer its New York customers the ability to buy and sell virtual currency and subject to DFS’s supervision of its licensed activities. As previously reported, Bakkt is a regulated digital asset exchange that also provides a digital wallet. The company is notably the creation of the