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 <li><em>Anchorage Digital’s subsidiary, Anchorage Digital NY, LLC, has received a BitLicense from the New York State Department of Financial Services.</em></li>  
 <li><em>The company plans to begin providing regulated services, including custody and trading, to institutional clients by early 2025.</em></li> 
</ul>  
<h5 class="wp-block-heading">Anchorage Digital, a crypto custody provider, <a href="https://x.com/Anchorage/status/1868657585722892674" target="_blank" rel="noopener noreferrer nofollow">announced</a> that its subsidiary, Anchorage Digital NY, LLC, has received a BitLicense from the New York State Department of Financial Services.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-White-21.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-White-21-1024x576.jpg" alt="Anchorage Digital Receives Important License Approval In New York" class="wp-image-297320"></a>
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<h2 class="wp-block-heading" id="anchorage-digital-receives-bitlicense-for-new-york-operations">Anchorage Digital Receives BitLicense for New York Operations</h2>  
<p>The license would permit the company to extend its services in New York, one of the most important financial centres, and offer a wide range of cryptocurrency solutions to institutional clients, including custody, trading, and other financial services.</p>  
<p>In a statement published on December 16, Anchorage disclosed that it plans to start providing these services in full by early 2025.</p>  
<blockquote class="wp-block-quote">
 <p>"Receiving a BitLicense is a major step forward for Anchorage Digital and the digital asset industry as a whole," CEO Nathan McCauley stressed.</p> 
</blockquote>  
<p>BitLicense, introduced by NYDFS back in 2015, has been <a href="https://www.dfs.ny.gov/virtual_currency_businesses" target="_blank" rel="noopener noreferrer nofollow">issued</a> to 33 companies so far, but Anchorage is not yet listed among the regulated entities on the NYDFS website.</p>  
<h2 class="wp-block-heading" id="strategic-moves-ramp-up-anchorage-s-position-in-crypto-market">Strategic Moves Ramp Up Anchorage's Position in Crypto Market</h2>  
<p>BitLicense's approval is key for Anchorage Digital to cement its presence in one of the strictest financial regulatory environments in the United States.</p>  
<p>The latest development saw the company become the first federally chartered bank in the US to support liquid staking of Liquid Collective's <a href="https://coincu.com/295600-liquid-staked-eth-supported-anchorage-digital/" target="_blank" rel="noopener noreferrer nofollow">Liquid Staked ETH (LsETH)</a>. Anchorage has even joined teams with several partner organizations to officially announce the launch of its new stablecoin network, and it has a stablecoin rewards program with <a href="https://coincu.com/279392-paypal-partnership-with-anchorage-digital/" target="_blank" rel="noopener noreferrer nofollow">PayPal</a>.</p>  
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Anchorage Digital Receives Important License Approval In New York

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