{"id":404861,"date":"2020-11-19T18:27:07","date_gmt":"2020-11-19T18:27:07","guid":{"rendered":"https:\/\/wncen.com\/?p=404861"},"modified":"2025-06-11T11:59:20","modified_gmt":"2025-06-11T11:59:20","slug":"fidelity-key-license-bitcoin-price-8000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fidelity-key-license-bitcoin-price-8000\/","title":{"rendered":"Fidelity Bags Key License as Bitcoin Price Flails at $8,000"},"content":{"rendered":"

Fidelity Investments’ crypto-asset division, focused primarily on the market leader Bitcoin, has just been granted a key license by the New York State Department of Financial Services, allowing them to further expand their foray into cryptocurrency and blockchain.<\/p>\n

According to a blog update<\/a> from Fidelity Digital Assets (FDAS), the NYDFS has just given it a ” limited purpose trust company charter.” This will allow it to launch a platform for cryptocurrency custody and execution “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to residents of New York, said the financial regulator.<\/p>\n

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4 elements of institutional-caliber operations for #digitalassets<\/a>:
\u2022Audited Operations
\u2022Regulatory Oversight
\u2022Institutional Account Structures
\u2022Risk Management Practiceshttps:\/\/t.co\/NacvtR2yoV<\/a><\/p>\n

— Fidelity Digital Assets (@DigitalAssets) November 19, 2019<\/a><\/p><\/blockquote>\n