Galaxy Secures New York BitLicense to Expand Institutional Crypto Services

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Galaxy Digital received a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS) on Monday, according to the company. The approvals were granted to Galaxy's subsidiary, GalaxyOne Prime NY, which provides trading and financing services to institutional investors. The licenses expand Galaxy's ability to offer regulated digital asset services to institutional clients in New York, one of the most tightly regulated cryptocurrency jurisdictions in the United States.
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