SoFi Firm Got License From New York Local Authorities For Virtual Currency

By HowToVids | Crypto Blockchain News | 5 Dec 2019

$0.10 tipped

United States' official Position about crypto is a bit harder. But a good piece of news for the crypto industry is from New York. That one of the crypto firms got a license from local authorities. SoFi crypto firm announced that they have the approval from New York Financial authorities.

SoFi CEO Anthony Noto said that "Putting our members' interests first is our top priority at SoFi [...] That includes both offering individuals the products they want, like cryptocurrency within SoFi Invest, as well as protecting them, through a solid regulatory framework like that created by the NYDFS.”

Linda Lacewell DFS Superintendent said that “DFS is committed to fostering innovation in New York’s vibrant virtual currency sector and ensuring its competitiveness as a market for new entrants,” More he said that “provides consumers with more choices in a continuously evolving global financial services marketplace.”




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